Odaily Planet Daily reports that "Federal Reserve mouthpiece" Nick Timiraos' latest article: The minutes of today's policy meeting show widespread support for the Federal Reserve's decision to hold interest rates steady last month, despite dissenting opinions from two officials who advocated for a rate cut. However, a few officials have aligned themselves with Waller and Bowman, suggesting they may support a rate cut at the Fed's next meeting on September 16-17. They say the slower-than-expected transmission of tariff increases to consumer prices should alleviate concerns about a new inflationary shock from rising import costs. However, inflation hawks point to increased price pressures, including for services, since last month's meeting. Kansas City Federal Reserve Bank President Schmid said in a speech last week that tariffs have had a limited impact on inflation, in part because the Fed has held interest rates steady. Unlike Bowman, who calculates inflation after excluding tariffs, Schmid has pledged never to perform such calculations, calling it "a concept that is neither meaningful nor measurable." (Jinshi)