The FOMC focuses on the "two-way risk" of its dual mission; The economy continues to expand at a "steady" pace, with job growth slowing and unemployment rising, but still low. The Fed said inflation had eased but remained "more or less" at a higher level, according to the Fed's policy statement; There has been "some" further progress towards the 2% inflation target in recent months, with "moderate" further progress said in June; Risks to achieving employment and inflation targets continu...