The minutes followed a particularly harsh string of President Trump's attacks on the Federal Reserve.
The Federal Reserve saw its rate cut last month as an insurance policy, rather than the start of an easing cycle, according to minutes out Wednesday. The policy-setting Federal Open Market Committee lowered interest rates July 31 for the first time since the financial crisis. Concerns about the economy have risen since that meeting, with a key recession warning flashing for the first time since June 2007 last week. Visit Markets Insider for more stories.
The Federal Reserve saw its rate cut last month as an insurance policy, rather than the start of an easing cycle, according to minutes out Wednesday. The policy-setting Federal Open Market Committee lowered interest rates July 31 for the first time since the financial crisis. Concerns about the economy have risen since that meeting, with a key recession warning flashing for the first time since June 2007 last week. Visit Markets Insider for more stories.
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