Fed Minutes: - ALL PARTICIPANTS AT JULY 26-27 POLICY MEETING | Lex & Crypto ✪
Fed Minutes:
- ALL PARTICIPANTS AT JULY 26-27 POLICY MEETING AGREED 75-BASIS-POINT INTEREST RATE HIKE WAS APPROPRIATE
- SOME PARTICIPANTS SAID POLICY RATE WOULD HAVE TO REACH A 'SUFFICIENTLY RESTRICTIVE' LEVEL TO CONTROL INFLATION AND REMAIN THERE 'FOR SOME TIME'
- PARTICIPANTS AGREED THERE WAS 'LITTLE EVIDENCE' INFLATION PRESSURES WERE SUBSIDING AND THAT IT WOULD TAKE CONSIDERABLE TIME FOR SITUATION TO BE RESOLVED
- PARTICIPANTS 'EMPHASIZED' THAT SLOWDOWN IN DEMAND WOULD 'PLAY AN IMPORTANT ROLE' IN REDUCING INFLATION
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