Fed meeting minutes: US economy faces risks of high inflation and low growth

Odaily News Federal Reserve policymakers were almost unanimous at their meeting last month that the U.S. economy faces the risk of both rising inflation and slowing growth, with some noting the central bank could face a "difficult trade-off." The March 18-19 meeting came after the Trump administration's initial tariff plan, which increased uncertainty about the economic outlook and led participants to favor a "cautious approach," with the option of keeping interest rates higher for longer if inflation persists or cutting rates if the weak economy requires more immediate attention. "Participants assessed that uncertainty in the economic outlook has increased, and almost all participants believed that inflation risks are tilted to the upside and employment risks are tilted to the downside." (Jin Shi)