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Fed Minutes Show Increased Concern Over Effects Of High Interest Rates On Consumers

Minutes of the Federal Reserve’s June meeting released on Wednesday show that while policymakers are still not ready to commit to lowering interest rates, some members are becoming more concerned that less affluent Americans are facing increasing financial strain.

While there were no revelations from the official record of the June 11-12 meeting, there were indications that Fed officials are aware of the slowing economy and mindful of the pain that the highest interest rates in two decades have caused for many Americans.

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This post originally appeared at U.S. News & World Report.