BlockBeats news, on January 9, the Federal Reserve's December meeting minutes showed that Fed officials unanimously believe that inflation may continue to slow this year, but also believe that as policymakers begin to address the impacts of the incoming Trump administration's policies, the risks of sustained price pressures are increasing.
The meeting minutes indicated that participants expect inflation to continue to converge towards 2%, although they noted that recent inflation data higher than expected, as well as potential changes in trade and immigration policy, suggest that this process may take longer than previously anticipated.
Some participants pointed out that the anti-inflation process may have temporarily stalled or highlighted potential risks. The minutes stated that the FOMC's December rate cut decision was a 'delicate balance,' and some participants indicated that, given that some believe progress in reducing inflation has stalled, it may be desirable not to lower borrowing costs.