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The outcomes from minutes of Fed’s September meeting
Policymakers reaffirmed their firm commitment to bringing inflation back to the Fed's 2% target, with many officials stressing the need to stay the course even as the labor market slows.
The consensus was to purposefully move to a restrictive stance in the near future, although some officials considered it "important to calibrate" the pace of tightening to minimize damage to the economy.
Many officials considered it necessary to maintain restrictive rates for some time, and some said that such a position could be maintained as long as necessary.
The minutes do not contain new details about the size of likely rate changes at the November FOMC meeting or future meetings.
Politicians supported the continuation of the reduction of the balance sheet at the current pace.
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