Wall Street Journal (10/09/14) Jon Hilsenrath
U.S. Federal Reserve officials are concerned that weak overseas growth and a strengthening U.S. dollar will negatively affect the U.S. economy and hold down inflation, an outlook that has made them more prone to maintain low interest rates. Several Fed officials expressed concern at a Sept. 16-17 policy meeting that disappointing growth in China, Japan, and Europe could negatively impact American exports, according to minutes of the meeting released by the central bank late yesterday. Meanwhile, the stronger currency could hold U.S. inflation under the Fed’s 2% goal.
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