Speaking to reporters after the meeting, Yellen sought to downplay the divisions. Fed officials used similar language last fall before raising the rate in December. Analysts and investors had not expected a rate increase Wednesday. Since 1984, the Fed has raised its key interest rate only once – in 2004 – within two months of election day. Fed officials on Wednesday downgraded their forecast for economic growth in 2016 to just 1.8% from a June forecast of 2%.

Source: Los Angeles Times September 21, 2016 18:19 UTC