The Federal Reserve meeting minutes show that participants generally believe that inflation and employment risks are high, and shifting to a neutral policy stance could help prevent deterioration in the labor market. Some participants are concerned that inflation risks are entrenched and believe that lowering the policy rate could mislead the market about the commitment to inflation targets.
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The Federal Reserve meeting minutes show that participants generally believe that inflation and employment risks are high, and shifting to a neutral policy stance could help prevent deterioration in the labor market. Some participants are concerned that inflation risks are entrenched and believe that lowering the policy rate could mislead the market about the commitment to inflation targets.