FOMC Minutes: Most policymakers noted risk of easing too quickly ...Middle East

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FOMC Minutes: Most policymakers noted risk of easing too quickly
Most emphasized importance of incoming data in judging if inflation is moving sustainably to 2%Members agreed that they did not expect that it would be appropriate to reduce the target range until they have gained greater confidence that inflation is moving sustainably toward 2 percentFed officials judged policy rate likely at its peak for this cycleParticipants highlighted the uncertainty associated with how long a restrictive monetary policy stance would need to be maintainedA couple of policymakers pointed to downside risks form maintaining overly restrictive policy for too longSeveral emphasized communicating clearly about data-depending approachFed staff saw risks to economic forecas

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