The minutes from the Federal Open Market Committee's previous meeting showed that, on balance-sheet policy, some participants said the U.S. Treasury market was functioning smoothly but stressed the importance of preparing contingency plans for market stress. According to Sina Finance, the September 15-16 minutes said participants recommended strengthening the Federal Reserve's strategies, communication channels, and policy tools for responding to possible market dysfunction while limiting the central bank's intervention in the U.S. Treasury market as much as possible.