Fed officials say tax cuts could juice US economy

WASHINGTON: US central bankers said the recent tax cuts could juice the economy more than expected in the near term, meaning further interest rate hikes likely will be needed, according to meeting minutes released Wednesday.

But the minutes also revealed a split on the Federal Reserve’s policy-setting committee, with some officials saying the central bank can afford to be patient in raising the benchmark lending rate, according to the minutes of the January 30-31 meeting.