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Fed officials are worried about tariffs’ impact on inflation and see rate cuts on hold, minutes show

The U.S. Federal Reserve is concerned about rising inflation risks, which influenced their decision to keep the benchmark interest rate unchanged at 4.3% during the January meeting.
Christopher J. Waller stated that progress on inflation has been "excruciatingly slow" and that a pause in rate cuts is appropriate since inflation is above the target of 2%.
Fed Chair Jerome Powell indicated that political influences, such as Donald Trump's calls for lower rates, will not sway their data-driven decisions regarding monetary policy.
Minutes from the Fed's January meeting showed all policymakers agreed to maintain the rate due to uncertainty in the economy and a desire for further progress on inflation.

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New Hampshire Union Leader

Fed officials flag rising inflation risks, Trump policy uncertainty

Three Federal Reserve officials with sometimes disparate policy views delivered a similar message on Thursday: cooling inflation that allows the central bank to deliver further interest rate cuts is still the most likely scenario, but the unknown impact of President…

20 hours ago·New Hampshire, United States

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Raw Story

U.S. Fed officials worried Trump policies could hinder inflation fight: minutes

U.S. Federal Reserve policymakers expressed concern last month about the potentially inflationary effects of President Donald Trump's trade and immigration proposals, according to minutes of the meeting published Wednesday.The U.S. president has threatened to impose sweeping tariffs on some of Ameri...

1 day ago·United States

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Hawaii Tribune-Herald

Potential impact of Trump policies stirring inflation concerns at Fed, minutes show - Hawaii Tribune-Herald

WASHINGTON — President Donald Trump’s initial policy proposals raised concern at the Federal Reserve about higher inflation, with firms telling the U.S. central bank they generally expected to raise prices to pass along the cost of import tariffs, policymakers said at a meeting held about a week after Trump’s January 20 inauguration.

1 day ago

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BBC News

US Federal Reserve warns Trump's tariffs may increase prices

The minutes from the last meeting of the e Fed's rate setting committee reveal inflation concerns.

2 days ago·United Kingdom

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The Epoch Times

Pausing Interest Rate Cuts Is Appropriate Given Inflation Concerns: Fed Governor

The U.S. Federal Reserve’s decision to halt bringing down its benchmark interest rate is the right choice at the moment given the difficulty in tackling inflation, according to Christopher J. Waller, member of the board of governors at the central bank. “For now, I believe a pause in rate cuts is appropriate,” Waller said during a Feb. 17 speech in Australia, citing various economic data to justify the stance. “The labor market is balanced and r…

2 days ago·New York, United States

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Fox Business

+2 Reposted by 2 other sources

Fed minutes show tariffs factored into concerns about higher inflation

Federal Reserve policymakers noted the potential impact of trade policy shifts such as higher tariffs contributing to concerns about high inflation in the minutes from their most recent meeting.The minutes released on Wednesday from the Federal Open Market Committee's (FOMC) meeting in January showed that policymakers "generally pointed to upside risks in the inflation outlook.""In particular, participants cited the possible effects of potential…

2 days ago·United States

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