Fed dissenters explain 'no' votes, saying they disagreed with hinting next move would be a cut

Federal Reserve officials who voted this week against the post-meeting statement said they didn't think it was appropriate to signal that the next interest rate move would be lower.Regional presidents Neel Kashkari of Minneapolis and Beth Hammack of Cleveland released statements explaining their votes, offering similar rationale regarding the verbiage in the statement — but not over the decision to keep a hold on rates form their current position.Kashkari said the statement contained "a form of forward guidance about the likely direction for monetary policy.

…

Excerpt limited to ~120 words for fair-use compliance. The full article is at CNBC — Top.