FOMC Minutes: Some fed officials were concerned inflation won't ease in 2009

August 26, 2008 2:02 PM EDT

FOMC Minutes: Some fed officials were concerned inflation won't ease in 2009. Several fed officials said market risks receded. Raising capital grew more difficult for banks. Many Fed officials saw markets as fragile. Higher mortgage rates may worsen housing crisis. Officials had significant concern on inflation risk.

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