ALL PARTICIPANTS AT FEDERAL RESERVE’S MAY POLICY MEETING AGREED HALF-PERCENTAGE-POINT INTEREST RATE HIKE WAS APPROPRIATE; ‘MOST’ JUDGED SUCH HIKES APPROPRIATE AT NEXT COUPLE OF MEETINGS, MINUTES FROM MAY 3-4 MEETING SHOW
ALL PARTICIPANTS AT FEDERAL RESERVE’S MAY POLICY MEETING AGREED HALF-PERCENTAGE-POINT INTEREST RATE HIKE WAS APPROPRIATE; ‘MOST’ JUDGED SUCH HIKES APPROPRIATE AT NEXT COUPLE OF MEETINGS, MINUTES FROM MAY 3-4 MEETING SHOW