Federal Reserve Meeting Minutes: Widespread Economic Risks and Uncertainties Are Key Factors Influencing Decision-Making

According to ChainCatcher, the latest minutes from the Federal Reserve’s June meeting reveal that participants identified risk and uncertainty as key factors influencing their decisions. They emphasized the need to formulate a policy strategy aimed at achieving the Committee’s maximum employment and price stability objectives amid a range of highly uncertain developments. The participants acknowledged that risks and uncertainties are pervasive in the economy and pose challenges to the design and communication of monetary policy.

They noted that measuring and assessing risks and uncertainties is difficult, and that the Committee relies on a wide array of indicators as well as information from business and community contacts to gauge evolving risks. This approach is particularly helpful to the Committee during periods of heightened uncertainty.