Sign up for our daily briefing
Make your busy days simpler with Axios AM/PM. Catch up on what's new and why it matters in just 5 minutes.
Catch up on coronavirus stories and special reports, curated by Mike Allen everyday
Catch up on coronavirus stories and special reports, curated by Mike Allen everyday
Denver news in your inbox
Catch up on the most important stories affecting your hometown with Axios Denver
Des Moines news in your inbox
Catch up on the most important stories affecting your hometown with Axios Des Moines
Minneapolis-St. Paul news in your inbox
Catch up on the most important stories affecting your hometown with Axios Twin Cities
Tampa Bay news in your inbox
Catch up on the most important stories affecting your hometown with Axios Tampa Bay
Charlotte news in your inbox
Catch up on the most important stories affecting your hometown with Axios Charlotte
Fed chair Jerome Powell speaks after December's Fed meeting. Photo: Xinhua/Liu Jie via Getty Images
The Federal Reserve's decision to hike rates in December was unanimous, but minutes of the meeting released on Wednesday showed that a few Fed members were reluctant and thought the Fed "could afford to be patient" about further rate hikes.
Why it matters: The minutes reflect a sentiment that Fed chair Jerome Powell echoed at a conference last week, when he said the Fed "will be patient as we watch to see how the economy evolves."
Go deeper: Jerome Powell's attempts to please everyone have backfired