“Federal Reserve spokesperson” Nick Timiraos pointed out that the Federal Reserve meeting minutes further indicate that officials are generally willing to keep interest rates unchanged at the meeting scheduled for the end of this month. The meeting minutes state: “Participants indicated that the committee is at or near an appropriate level to slow the pace of policy easing.” Officials believe that, based on their current outlook for economic activity, the Federal Reserve may continue to cut rates at a slower pace than in recent months.