On October 10, meeting notes said that officials agreed that the sharper rate cut passed by the < b > meeting should not be taken as a signal of concern about the economic outlook, nor should it be taken as a signal that the Federal Reserve is ready to cut rates quickly. Officials who commented on the restrictive degree of monetary policy argued that monetary policy is restrictive, although they held a range of different views on the restrictive degree. Participants also stressed that it is important to communicate. The importance of communication is to clearly communicate that the Committee's monetary policy decisions depend on the evolution of the economy and its impact on the economic outlook and the balance of risks, so this is not a preset course. In addition, some participants said that even if the committee lowered the target range for the federal funds rate, the process of the Federal Reserve's balance sheet reduction could continue for some time.