Fed Meeting Minutes
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| Fed Meeting Minutes |
The Fed meeting minutes showed that almost all participants agreed on the need for more rate hikes to achieve the FOMC's mission and inflation targets.
The minutes of the meeting issued on February 22 indicated that almost all participants agreed that it was appropriate to raise interest rates by 25 basis points.
However, he made it clear at the same time that there are a few participants who supported an interest rate increase of 0.5%, as they believe that a larger increase will be faster in reducing inflation towards the target.
The Fed had raised interest rates by 25 basis points in the previous meeting, towards a level between 4.5% and 4.75%.
The Fed stated that despite the somewhat slowdown in inflation, it is still rising and much higher than the target.
He also indicated that the labor market is still very tight, which contributes to the continuation of upward pressure on wages and prices.
While some Fed officials expressed high levels of uncertainty about the outlook for the economy, the labor market, and inflation, although they see the risks to the economy's outlook tilted to the downside.