Fed shrugs off downturn concerns in latest minutes

Despite recent concerns among business leaders that the economy may enter a contraction some time in the next six months, U.S. central bankers see the economic outlook as fundamentally healthy.

The minutes of the latest meeting by the Fed’s interest rate-setting committee show bankers to be confident in the U.S. economic situation over the current time horizon.

“Most survey respondents did not appear to be concerned about an economic downturn in either the near or medium term,” the Fed’s September meeting minutes read.