According to Jinshi, the minutes of the Federal Reserve meeting showed that Federal Reserve officials unanimously agreed to keep interest rates unchanged at the June meeting to buy time and assess whether further rate hikes are needed, although most members expect that further tightening will be needed in the end. Due to the slow progress in curbing inflation, "some participants" hope to raise interest rates in June, but "almost all participants" believe that maintaining the existing federal funds rate of 5% to 5.25% is appropriate or acceptable. "Most participants believe that keeping the target range unchanged at this meeting will give them more time to assess economic progress," moving towards the goal of restoring inflation to 2% from more than twice its current level.