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Fed Meeting Minutes: Most Officials Believe Tariffs Could Lead to Persistent Inflation Risks

Summary: According to sources, Federal Reserve staff expect real GDP growth in 2025 to be higher than previous forecasts, with inflation rates lower than previous expectations. Participants believe that due to announced and anticipated tariff reductions, uncertainty about the economic outlook has diminished, but overall uncertainty remains at a high level. Most officials believe tariffs could ...

According to sources, Federal Reserve staff expect real GDP growth in 2025 to be higher than previous forecasts, with inflation rates lower than previous expectations. Participants believe that due to announced and anticipated tariff reductions, uncertainty about the economic outlook has diminished, but overall uncertainty remains at a high level. Most officials believe tariffs could lead to persistent inflation risks.

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