미국 FOMC 의사록

With regard to the outlook for monetary policy beyond the current meeting, most participants assessed that another increase in the target range for the federal funds rate would likely be appropriate by year end.

Participants emphasized, however, that they approached each meeting with an open mind and decisions at future meetings would depend on incoming information and its implications for the outlook and the balance of risks.

Participants noted that inflation remained elevated and that they had not seen sufficient progress on lowering inflation in recent months.

Participants generally assessed inflation risk as skewed to the upside; some participants remarked that those risks had become more skewed to the upside in recent months.

Participants judged that labor market conditions were stable and generally viewed the labor market as close to maximum employment.

Participants generally viewed the upside and downside risks to the labor market as broadly balanced.

Several participants stated that they viewed the current policy rate as not restrictive or only mildly restrictive.

A couple of participants remarked on having increased their estimate of the neutral federal funds rate and thus their view of the appropriate setting of the target range for the federal funds rate.