According to BlockBeats, the latest minutes from the Federal Reserve's June meeting reveal that participants identified risk and uncertainty as significant factors influencing their decisions. They emphasized the need for a policy strategy aimed at achieving the committee's goals of maximum employment and price stability amid a range of highly uncertain developments.
Participants acknowledged the pervasive nature of economic risks and uncertainties, which pose challenges to the design and communication of monetary policy. They noted the difficulty in measuring and assessing these risks and uncertainties, relying on a broad array of indicators and information from business and community contacts to gauge evolving risks, especially during periods of heightened uncertainty.