Mumbai, Feb. 19 -- The Federal Reserve released the minutes of its latest monetary policy meeting on Wednesday, revealing that officials remain divided about the outlook for interest rates.
The minutes of the Fed's January 27-28 meeting said several participants felt further rate cuts would likely be appropriate if inflation were to decline in line with their expectations.
However, others believed it would likely be appropriate to leave rates unchanged for "some time" as the Fed carefully assesses incoming data.
A number of these participants judged that additional policy easing may not be warranted until there was clear indication that the progress of disinflation was firmly back on track, the Fed said.
The Fed noted several participan...