BREAKING: The long-awaited FED Meeting Minutes have been released

The long-awaited minutes of the Fed meeting have finally been released. Here are the most important parts to know from the published document: All participants believe that maintaining the target interest rate is reasonable. Some participants suggest that changes in trade and immigration policies may prevent inflation from declining. Most participants believe that the risks of achieving dual objectives are relatively balanced. Some participants indicate that the risks of achieving the inflation objective seem greater than the risks of achieving the employment objective. Some participants suggest that it may be appropriate to pause or slow the process of balance sheet reduction until the issue of debt ceiling is resolved. Many delegates argue that after completing the balance sheet reduction process, asset purchase structure should be adjusted so that the maturity structure of treasury bonds is more appropriate for the scale of treasury bond issuance. Respondents to the Fed survey believe that the balance sheet reduction process will be completed by mid-2025, slightly later than previously expected. The economic outlook of most Fed officials remains largely unchanged from the outlook presented at the December meeting. In preliminary discussions on the framework review, policymakers have expressed openness to modifying the factors outlined in the 2020 document. Fed officials see financial vulnerabilities as 'significant'. Authorities believe that instability is increasing and caution is needed when reducing interest rates.