Report from Fed meeting

[chendybrown]

SUMMARY OF FED MEETING MINUTES (10/11/23):

1. “All officials” agreed rates should stay restrictive

2. Fed sees downside risks to economic activity

3. Fed sees upside risks to unemployment

4. Fed generally views risks as “two-sided”

5. Balance sheet reduction could continue for “some time”

6. Inflation remains “unacceptably high”