FOMC minutes: Policymakers expected interest rates to remain steady this year

The minutes from the Federal Reserve’s March 19-20 monetary policy meeting have been published with key highlights, via Reuters, found below.

• Majority of U.S. Federal Reserve policymakers expected interest rates to remain steady this year.
• Policymakers saw continued U.S. economic growth, strong labor market and inflation near fed's objective as most likely outcome in next few years.
• Majority of policymakers said Fed's 'patient' approach on rates needed given uncertainties, including those around global economy and financial developments.