Federal Reserve officials remain cautious about future interest rate cuts, with an account from the central bank's meeting in September underscoring the division among central bank officials over the best path for monetary policy.

While some officials think the Fed's benchmark rate is too high and weighing on the economy, others point to persistent inflation that remains above the central bank's 2% target as evidence of the need need to show caution in lowering borrowing costs.

Most members of the Fed's rate-setting committee supported further reductions to its key interest rate this year, according to minutes from last month's meeting released on Wednesday.

A majority of Fed officials perceived growing risks to the job market since their previous meeting in July, while the threat of

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