''Federal Reserve officials in January started to debate when to start raising interest rates, with a few arguing they might need to move sooner than expected.
A small number of Federal Reserve officials believe the central bank might need to raise short-term interest rates in the near future, minutes of the Fed's January policy meeting showed.
"A few participants raised the possibility that it might be appropriate to increase the federal funds rate relatively soon," according to minutes of the Jan. 28-29 meeting, released Wednesday after the customary three-week lag''.