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Marketplace · Wednesday, July 8, 2026

Fed Minutes: Some Committee Members Favored Rate Hike Before Recent Hold

Discussion of the Federal Reserve's minutes revealed that some members of the committee had considered raising interest rates prior to the decision to hold. Host Kai Ryssdal noted that the minutes indicated a less hawkish stance than initially perceived.

personKai RyssdalpersonRobin Brooks

The tape

3 quotes
Very interesting to me that there were some people on that committee who said, yeah, you know what? Maybe we ought to raise rates now.
Kai Ryssdal
So someone really famously I know named Kai Ryssdal tweeted after the after the Fed decision on June 17th. Hey wait a minute. This hold was unanimous.
Robin Brooks
I don't think the minutes were that hawkish either.
Robin Brooks
Heard on Marketplace — “Gas prices are headed back up, published Wednesday, July 8, 2026. Heardvine summarizes and quotes with attribution and timestamps, and links to the original everywhere.
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Fed Minutes: Some Committee Members Favored Rate Hike Before Recent Hold — Heardvine