Fed Meeting Minutes Show Progress in Monetary Policy Framework Review

According to ChainCatcher, citing Jinshi News, the Federal Reserve has released the minutes of its July meeting, which noted that participants continued to discuss the ongoing assessment of the Fed’s monetary policy strategy, tools, and communication practices. They stated that significant progress has been made in revising the Committee’s “Statement on Longer-Run Goals and Monetary Policy Strategy,” and that they are close to completing the amendments to the consensus statement, aiming to ensure the statement remains robust and applicable across various economic environments.