Minutes From June Fed Meeting Reveal Policy Divisions

The transcript discusses the Federal Reserve's decision to keep interest rates unchanged, despite some committee members favoring an increase. The committee agreed to maintain the rate to better assess the economy, noting a tight labor market and high inflation. Future rate increases in 2023 are considered, depending on data. Fed staff predict a mild recession, conflicting with Jerome Powell's views. The impact of Treasury bill sales on interest rates was also discussed.

What impact did the committee discuss regarding Treasury bill selling after the deficit deal?

How did the views of the Open Market Committee members differ from the Fed staff's economic projections?