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Re:US Gross Domestic Product, Second Quarter 2022 (Advance E... by kube-system on Thursday July 28, 2022 @12:57PM (#32267014)
Or they believed it would be transitory and any action would upset longer term price and employment stability.
Re:US Gross Domestic Product, Second Quarter 2022 (Advance E... by NovemberWhiskey on Thursday July 28, 2022 @01:03PM (#32267124)
You don't need to guess; you can go read the minutes of prior Fed meetings here:

https://www.federalreserve.gov/monetarypolicy/fomccalendars....