The minutes of the first meeting of the Federal Reserve have been released! Officials debate interest rate path, some believe rate hike should have occurred in June.

According to the Zhitong Finance and Economics APP, on Wednesday, the minutes of the Federal Reserve's monetary policy meeting on June 16th and 17th showed that there was intense discussion among decision-makers about the future path of interest rates at the first meeting chaired by the new Chairman Kevin Walsh. Although the committee ultimately unanimously decided to keep the federal funds rate target range unchanged at 3.50% to 3.75%, officials still had significant disagreements about the inflation trend and future policy direction, with some officials even believing that there was already a reason to raise interest rates at that time.