A few important comments that can be drawn from the Fed minutes are as follows:

Process of Fighting Inflation:

Fed officials assess that it will take longer than expected for inflation to sustainably reach the 2% target. This means more efforts are still needed to bring inflation under control and suggests that tighter monetary policies may continue in the future.

Asset Purchase Programs:

The minutes indicate that almost all participants supported the Fed's decision to slow the decline in securities assets. This indicates that the central bank tends to slow down the pace at which it reduces the liquidity it provides to the market and adopts a more cautious approach. However, few respondents would support continuing the current pace, suggesting some differing views.

Future Policy Direction:

Participants emphasized that future monetary policies will depend on incoming data, the evolving economic outlook and risk balance. This indicates that the Fed will adopt a flexible approach and follow economic data closely and update its policies when necessary.

In general, the Fed minutes indicate that the fight against inflation will continue, a cautious approach will be adopted in reducing liquidity, and future policy steps will be data-driven. This could create uncertainty for markets and require investors to focus more carefully on the Fed's decisions.