Federal Reserve policymakers agreed last month that policy should remain restrictive for some time to keep cooling down inflation, while noting risks had become more balanced. “Participants generally judged that, with the stance of monetary policy in restrictive territory, risks to the achievement of the committee’s goals had become more two-sided,” according to minutes of the September meeting, released in Washington Wednesday. “All participants” agreed that the committee was in a position to “proceed carefully” and that policy decisions would be data-dependent and take into account “the balance of risks.” The ... (full story)