Fed's Mouthpiece: Fed Meeting Minutes No Longer Specify Timeline for Inflation to Return to 2%

Odaily News According to "Fed's Mouthpiece" Nick Timiraos, the content not mentioned in this Fed meeting minutes is more noteworthy. He pointed out that in multiple meetings last year up until December, staff forecasts indicated inflation would fall back to 2% by 2027, but the December minutes had already pushed that timeline back to 2028.

However, in the January meeting minutes, there was no explicit mention of a specific time for inflation to reach 2%. It only stated that compared to the December forecast, the figures were "slightly higher, maintaining balance," and anticipated that after the impact of tariffs ends around mid-year, inflation will resume its previous downward trend. The previous phrasing from the minutes stating "and reaching 2% by 2028" did not reappear.