The FOMC meeting minutes have been released from the June meeting:Vast majority of participants at Fed's June 11-12 meeting assessed U.S. economic growth appeared to be gradually cooling, minutes showMost participants saw current policy stance as restrictiveA number of participants said policy should stand ready to respond to unexpected economic weaknessSeveral specifically emphasized further demand weakening could generate a larger unemployment response than in recent pastSeveral participants said if inflation were to persist at elevated level or rise further, funds rate might need to be raisedParticipants saw 'modest further progress' toward committee's 2% inflation objective in recent mon
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