From Washington: Economic policymakers are considering further action to address ongoing price pressures. A recent gathering of officials resulted in a unanimous view that inflation remains too high. This assessment is based on a review of recent economic trends.

Further details about the officials' discussions are available. The central bank had previously taken steps to adjust its key interest rate, marking a change in its policy stance.

The decision to adjust rates was made despite external calls for a different approach, and it reflects the officials' efforts to achieve their economic goals.