Two Fed governors discuss the possibility of a rate cut days after the chairman said cuts were unlikely.
Rate increases are on hold as the Fed focuses on hitting a 2 percent inflation target.
The minutes show U.S. central bankers reacting to a fourth-quarter slowdown that appeared to be extending into the first three months of the year.
The new buzzword on the Fed’s policy committee is “patient.”
Inflation remains muted, said Powell, and the Fed will take a patient approach on interest rates.
The minutes elaborated on the dovish message the Fed delivered three weeks ago.
Investors will search for clues on whether the Fed is near the peak of its tightening cycle.
The Federal Reserve said it will be “patient” on any future interest-rate moves.
Fed Chair Jerome Powell said the central bank can be patient before adjusting interest rates again.
The president's criticism of the Federal Reserve has placed Jerome Powell in an awkward position.
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