Fed Meeting Minutes: Fed Staff Lowered Inflation Outlook for June Meeting

BlockBeats News, August 21: Federal Reserve Meeting Minutes: Some participants indicated that waiting for the tariff impact on inflation to become fully clear before adjusting monetary policy is neither feasible nor appropriate.

Most officials believed that the Federal Reserve's policy was already in a favorable position. Participants also noted that it would take time to gain a clearer understanding of the magnitude and persistence of the impact of high tariffs on inflation.

Federal Reserve staff lowered their inflation expectations from the June meeting, but still anticipate that tariffs will push up prices. (FXStreet)