Fed Minutes Show Officials See Dual-Sided Risks From Iran War

Federal Reserve officials wrestled with starkly differing scenarios for the US economy following the outbreak of the Iran war, including one that called for interest-rate cuts and another that would require raising rates. Minutes of the Federal Open Market Committee’s March 17-18 meeting, released Wednesday in Washington, showed most officials worried the war could hurt the labor market and warrant lower interest rates. At the same time, many policymakers highlighted the risk to inflation that m...