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At the March meeting, the Fed's staff revised the central bank's near-term forecast for real gross domestic product (GDP) growth upwards slightly.
"Labour market conditions had continued to improve and unemployment had declined in recent months," the Fed said.
"But almost all members saw the unemployment rate as still elevated relative to levels that they viewed as consistent with the committee's mandate over the longer run."
At the March meeting, the Fed's staff revised the central bank's near-term forecast for real gross domestic product (GDP) growth upwards slightly.
"Labour market conditions had continued to improve and unemployment had declined in recent months," the Fed said.
"But almost all members saw the unemployment rate as still elevated relative to levels that they viewed as consistent with the committee's mandate over the longer run."
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