Threats to the U.S. economy are fading, but officials at the nation’s central bank remain divided over when to raise interest rates again, according to documents released Wednesday. Therefore, they argued, the central bank should not raise rates until they are more confident that there is little chance of reversing course. New York Fed President William Dudley and Atlanta Fed President Dennis Lockhart recently supported the possibility of one rate hike this year. Kansas City Fed President Esther George dissented from the group vote in July, favoring an immediate increase. In an interview last week, San Francisco Fed President John Williams argued that gradually raising rates soon would help mitigate the danger of abruptly increasing them later.

Source: Washington Post August 17, 2016 20:26 UTC