Fed debated bigger rate cut, minutes show

By Jason Lange
Updated August 22 2019 - 5:23am, first published 5:20am
US Federal Reserve Chairman Jerome Powell announced an interest rate cut after the July meeting.
US Federal Reserve Chairman Jerome Powell announced an interest rate cut after the July meeting.

The US Federal Reserve debated cutting interest rates more aggressively at its last meeting but central bankers wanted to avoid the appearance of being on a path to more rate cuts, records from the meeting showed.

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