Every policymaker backed the Fed's September rate increase, according to the minutes of the Sept. 25-26 meeting, published Wednesday.
The discussion, revealed in minutes of the September 25-26 meeting released Wednesday, shows that a few participants believed that the Fed's key interest rate would need to "become modestly restrictive for a time" to guard against inflation climbing too high. The display of unanimity could bolster expectations the central bank will raise rates a fourth time this year in December.
The Fed minutes did not include any discussion of Trump's attacks. He's argued that the US economy has been saddled with persistently low growth, so there is little need to raise interest rates much.
Trump has accused the Fed of endangering the country's economic health, this week saying the central bank is his "biggest threat" and last week calling the central bank "crazy", "loco", "ridiculous", and "too cute".
This would move USA interest rates slightly above what policymakers say is "neutral" - that is, neither slowing nor speeding the economy - but some participants said the Fed would need to go even further than that.
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Fed Chairman Jerome Powell has said the central bank will monitor interest rates to avoid raising them too quickly, which could hamper US growth.
"There's a couple of other people there that I'm not so happy with, too, but for the most part, I'm very happy with people".
A few participants expected rates would need to rise enough to modestly restrain economic growth, even as two others "indicated that they would not favor adopting a restrictive policy stance in the absence of clear signs of an overheating economy and rising inflation".
"Incorporating these developments yields a modernized policy rule that suggests the current level of the policy rate is about right over the forecast horizon, " or the next several years, Bullard said Thursday in a speech in Memphis, Tennessee.
Some investors say that, after years of easy money, pockets of risk have built up throughout the global economy - raising the chances that a bubble could burst or banks could see significant defaults on debt as borrowing costs begin to increase. "My biggest threat is the Fed", he said.
Wall Street, which had struggled through much of the day, closed slightly lower, with stocks paring losses after the minutes' release.