And risks surrounding the then upcoming uk vote changed the thinking on Interest Rates at the fed. Ot long before the june wang to hike rate, but a lot happened in the weeks and days leading outlook for the u. W that downgrade the change in outlook caused sparring inside the worlds most powerful central bank. Amon javers has more. The committee thought it would be predoesnt to wait for the brexit referendum before deciding on whether or not the raise Interest Rates. The consensus was that it could generate turbulence and that is what ended up happening. Now, jobs were the other area of uncertainty. Almost all participants judged that the surprisingly weak may employment report increased uncertainty. Most participants judged that in the absence of significant economic or fishock, b gains and inflation mor above 2 to warrant an increase. However, several expressed concern that a delay in resuming l funds rate would increase the risks to the Financial Stability r overshoot committees obje