Divided Fed worried about tariffs, inflation and the labor market, minutes show

Divided Fed worried about tariffs, inflation and the labor market, minutes show


Key Points
  • The meeting summary depicted a divergence of opinion among the central bankers, whose vote to hold their key rate steady came despite objections from two Fed governors who argued in favor of cutting.
  • “Participants generally pointed to risks to both sides of the Committee’s dual mandate, emphasizing upside risk to inflation and downside risk to employment,” the minutes noted.



Source

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