The Fed meeting notes that widespread risks and uncertainties in the economy are important factors affecting decision-making

Participants noted that risk and uncertainty are important factors influencing their decision-making and emphasized the need to develop a policy strategy aimed at achieving the Committee's objectives of maximum employment and price stability amid a series of highly uncertain developments, according to newly released Federal Reserve June meeting notes. Participants acknowledged that risks and uncertainties to the economy are pervasive and pose challenges to the design and communication of monetary policy. They noted that measuring and assessing risks and uncertainties is difficult and that the Committee relies on a wide range of indicators and information from business and community contacts to measure changing risks, particularly during times of heightened uncertainty, which is helpful to the Committee.