On April 9th local time, the Federal Reserve released the minutes of the Federal Open Market Committee (FOMC) meeting on March 18-19. The Federal Reserve has agreed to maintain the target range for the federal funds rate between 4.25% and 4.5%. The meeting minutes show that the current inflation rate is still slightly high. The attendees stated that the uncertainty surrounding the economic outlook has increased, and when considering the magnitude and timing of further adjustments to the target range of the federal funds rate, the committee will carefully evaluate subsequent data, constantly changing prospects, and risk balance. The committee will strive to support full employment and restore the inflation rate to the target of 2%. When evaluating appropriate monetary policy positions, the committee will continue to monitor the impact of future information on the economic outlook. If there are risks that may hinder the achievement of the committee's goals, they will be prepared to adjust their monetary policy stance as appropriate. The committee's evaluation will take into account multiple factors including labor market conditions, inflation pressures and expectations, as well as financial and international developments. (New Society)