Fed minutes: vast majority of officials believe U.S. economic growth is cooling down
Federal Reserve minutes show that the vast majority of officials believe that U.S. economic growth is gradually cooling; most participants believe that the current policy stance is restrictive; the Federal Reserve is waiting for "more information" to gain the confidence to cut interest rates; a number of participants said that policy should be ready to respond to unexpected economic weakness; a few Federal Reserve officials said that Unemployment could rise if demand weakens.
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