Federal Reserve meeting minutes: Some participants believe that risks in the labor market have become a major concern.
The latest minutes of the Federal Reserve's June meeting show that some participants commented that the risk of rising inflation is still more prominent compared to the risk of employment, or the magnitude of the risk reduction is smaller. Some participants believe that the risks in the labor market have become a major concern. They pointed out that there have been signs of weakness in recent economic activity or in the labor market, and commented that future economic conditions may weaken, especially if policies continue to be restrictive. Participants unanimously agreed that, despite the decrease in uncertainty about inflation and economic outlook, caution should still be exercised when adjusting monetary policy.
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