Fed Minutes Reveal Potential Impact of Trump’s Actions on Inflation

The Federal Open Market Committee (FOMC) minutes from their last meeting, released today, will shed light on how concerned policymakers were regarding the risk of stagflation. This concern arose in conjunction with President Trump’s actions since his return to the White House, specifically his trade announcements and policies. Initially optimistic about slowing inflation and steady growth, FOMC members revealed a more uncertain outlook as new import taxes could potentially drive up prices even while decreasing demand, leading to potential economic slowdowns and job losses.