Reported 12 months ago
The minutes of the Federal Reserve's June meeting revealed that officials were cautious about lowering borrowing costs until more information on inflation was available. They highlighted a cooling economic growth trend, considered the current policy stance restrictive, and noted progress in inflation. Some officials emphasized the need for patience in adjusting rates while others suggested a possible need to raise rates if inflation remained elevated. Additionally, they discussed the importance of being prepared to respond to unexpected weaknesses and potential consequences of a further drop in demand on unemployment.
Source: YAHOO