According to minutes from the Federal Reserve's September policy meeting released on Wednesday.
The central bank is on a rate rise path that would likely be costly for the U.S. economy but is still necessary to slow down the fastest inflation in decades.
Although participants noted the need to "calibrate" future rate hikes "with the aim of mitigating the risk of significant adverse effects on the economic outlook.
the minutes of the September 21 policy decision suggested that Fed officials would be mindful of the impact of rate hikes on broader economic growth..
Participants noted that as monetary policy tightened further, it would eventually be prudent to decrease the rate of policy rate rises.
While evaluating the implications of all of the policy changes on economic activity.