Fed Sees Strengthening Case to Raise Rates

The Fed minutes reveal discussions on potential rate hikes, economic conditions, and inflation concerns. While most members agree on nearing full employment, they debate inflation's impact. Global events like Brexit and policy uncertainties are noted. The Fed also discusses long-term monetary policy, including balance sheet size, and explores the neutral rate's relation to the balance sheet. No final decisions are made, but ongoing discussions are highlighted.

How did the Fed members view the recent rise in inflation?

What ongoing discussions were mentioned regarding the neutral rate of interest?