FOMC Reviews Monetary Policy Framework Amid Inflation Concerns and Economic Balance
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- The FOMC is reviewing its monetary policy framework, focusing on longer-run goals.
- Participants judged that risks to dual mandate objectives were roughly in balance.
- Some believe further inflation progress is needed before adjusting rates.
- Two participants noted risks to inflation mandate outweigh employment mandate risks.
- The FOMC acknowledged that inflation risks are skewed upward.
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