Fed Meeting Minutes: Economic Risks and Uncertainties Are Pervasive and Important Determinants of Decision-Making

July 10th. The most recent release of the minutes from the Federal Reserve's June meeting indicates that the participants noted that risks and uncertainties were significant factors influencing their decisions and emphasized the necessity of formulating a policy strategy aimed at attaining the Committee's maximum employment and price stability goals within a period of high uncertainty. The participants recognized that economic risks and uncertainties were widespread and presented challenges to the design and communication of monetary policy. They pointed out that it is difficult to measure and assess risks and uncertainties, and the Committee relies on a wide range of indicators and information from businesses and community contacts to assess the evolving risks. This is particularly helpful during periods of heightened uncertainty and is beneficial to the Committee. (FXStreet)