WASHINGTON—Federal Reserve officials sought to keep their options open at a July policy meeting as they tried to reconcile differences on the economic outlook and when to raise short-term interest rates. Several wanted to wait until they were more confident inflation would rise to the Fed’s 2% objective after running below target for four years. Others believed the U.S. is close to a fully recovered job market and a rate increase...

Source: Wall Street Journal August 17, 2016 18:09 UTC