Federal Reserve Meeting Minutes: Fed Staff Lower Inflation Expectations for June Meeting

BlockBeats News, August 21 — According to the minutes of the Federal Reserve meeting: some participants stated that it is neither feasible nor appropriate to wait until the impact of tariffs on inflation becomes fully clear before adjusting monetary policy.

Most officials believe that the Federal Reserve’s policy is already in a favorable position. Participants also noted that it will take more time to gain a clearer understanding of the extent and persistence of the impact of high tariffs on inflation.

Federal Reserve staff lowered their inflation expectations for the June meeting; however, they still anticipate that tariffs will drive up prices. (Jin10)