Some participants noted that they would have preferred a 25 basis point reduction in the target range at this meeting, and some others indicated that they could have supported such a decision.
According to the minutes that were announced on this day about the last meeting of the Federal Reserve (Fed) “some” officials would have preferred a quarter-point cut.
“Some participants noted that they would have preferred a reduction of 25 basis points of the target range at this meeting, and some others indicated that they might have supported such a decision,” according to minutes of the meeting of September of the Federal Open Market Committee.
The Federal Reserve minutes reflect a more dovish approach to monetary policy. Greater confidence was highlighted that inflation is moving steadily towards the 2% target, which led the Fed to reduce the interest rate by 50 basis points, placing it between 4.75% and 5%.
Economic activity remains solid, although job creation accelerated and unemployment increased slightlybut remains at low levels.
Members emphasized the importance of continuing to adjust policy based on future economic data, showing caution against potential risks on both sides of the Fed’s mandate: employment and inflation.
Source: Ambito
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