Fed Minutes: A substantial interest rate cut is not a signal of concern or a sign of rapid easing.

Jinshi Data News on October 10th, the meeting minutes stated that officials unanimously believe that the larger rate cut passed at the meeting should not be seen as a signal of concern about the economic outlook, nor should it be seen as a signal that the Federal Reserve is preparing to cut interest rates quickly. Officials commenting on the degree of restrictiveness of monetary policy believe that monetary policy is restrictive, although they hold a range of different views on the degree of restrictiveness. Participants also emphasized the importance of communication. The importance of communication is to clearly convey that the Committee’s monetary policy decisions depend on the evolution of the economy and its impact on the economic outlook and risk balance, so this is not a predetermined path. In addition, some participants said that even if the Committee drops the target range for the federal funds interest rate, the process of Fed balance sheet reduction may continue for some time.