The minutes of the latest monetary policy decision of the Fed (Federal Reserve), released on Wednesday (9), shows that members of the FOMC (Federal Market Federal Committee) agreed that economic activity in the United States “continued to expand at a solid pace” despite the volatility in net exports.
Unemployment, according to the document, “remained at a low level” and the conditions of the labor market followed “solid”.
Despite the positive signs, the committee assessed that inflation is still “something high” and unanimously decided.
The minutes reinforce that the leaders remain “attentive to the risks to both sides of their double term” – control of inflation and promotion of full employment – and that “uncertainty about economic perspectives decreased but remained high.”
The text points out that this retraction in uncertainty reflected, in part, “a reduction in the expected level of tariffs, which apparently hit the peak in April and later fell.”
The monetary policy decision was unanimously approved by the 12 voters, including Fed President Jerome Powell.
“The committee is strongly committed to supporting maximum employment and returning inflation to the goal of 2%,” the statement says.
