Fed minutes: Trump policies could lead to rate hike ‘fairly soon’

The next interest rate increase could be closer than it appears.

That’s after documents released Wednesday show that Federal Reserve officials spent their meeting three weeks ago consumed with the changes brought on by a new administration in the White House — concluding with a strong indication that another hike could be just around the corner.

The Federal Open Market Committee — the central bank’s policy-making arm — discussed at length the impact from lower taxes and regulations and higher domestic spending under President Donald Trump, according to minutes of the Jan. 31-Feb. 1 session.

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