Proceedings of the Federal Reserve Conference: a slight downward revision of the economic outlook

The minutes showed that some officials who supported the July hike felt that immediate action could reduce the need for further increases in the future. Almost all members agreed to retain the expression confirming the Fed ' s commitment to restoring price stability. The Fed staff maintained largely unchanged inflation expectations, but slightly reduced the economic outlook compared to June. In the absence of a decision on whether to change the number of meetings of FOMC, the Chairman, Warsh, indicated that the schedule of meetings for 2026 would remain unchanged。