But minutes from their December meeting suggest that the decision was a close call — and that there is no guarantee policymakers will lower rates again anytime soon. The minutes of the central bank’s Dec.

Policymakers emphasized that policy is not on a preset path, and will need to evolve in response to the data and enacted policies of the new administration.

This week's release of the Federal Reserve's December meeting minutes has provided key insights into the central bank's monetary policy for the new year. Officials at the Federal Reserve are considering a more cautious approach to interest rate cuts,