Fed Minutes Show Many Officials Said Rate Hikes May Be Needed

Bloomberg's Mike McKee said that Fed minutes reflect Kevin Warsh's comment that the FOMC meeting was an 'old fashioned family fight' as members argued over inflation and the potential for a rate hike. Minutes showed that several Federal Reserve officials were in favor of an interest-rate hike last month and said that policy tightening would be necessary if inflation didn't decline. (Source: Bloomberg)