🛑🛑🛑Urgent urgent urgent update🛑🛑🛑
⤵️🇺🇸Although monetary policy was considered restrictive, many participants commented on their uncertainty about the degree of monetary tightening, and these participants saw this uncertainty as coming from the possibility that higher interest rates would have fewer effects than in the past, Or that long-run equilibrium interest rates may be higher than previously thought, or the level of potential output may be lower than expected.
⤵️🇺🇸 Members of the US Federal Reserve believe that monetary policy is still in a good position to respond to evolving economic conditions and risks that threaten the economic outlook.
⤵️🇺🇸Participants discussed maintaining the current restrictive policy stance for a longer period if inflation shows no signs of moving sustainably towards 2% or reducing monetary policy restrictions in the event of an unexpected weakness in labor market conditions.
⤵️🇺🇸Many participants indicated a desire to tighten monetary policy further if inflation risks materialize in a way that makes such action appropriate.
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Part 3️⃣
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