According to online reports, the latest released minutes of the Federal Reserve's June meeting showed that when considering the prospects of monetary policy, participants generally believed that since economic growth and the labor market remain stable, and current monetary policy may be moderately restrictive, the committee is fully capable of waiting for the prospects for inflation and economic activity to become clearer. Some participants pointed out that if the data develops in line with their expectations, they will be willing to consider lowering the target range for policy rates at the next meeting. Some participants believed that the most likely appropriate monetary policy path would be a target range for not lowering the federal funds rate this year, and noted that recent inflation data continued to exceed the committee's 2% target. Several participants commented that the current target range for the federal funds rate may not be much higher than its neutral level.