Fed's Mouthpiece Nick Timiraos: "Overwhelming Majority" of Officials Believe Pace of Inflation Easing May Be Slower Than Expected

Odaily News According to the Fed's mouthpiece Nick Timiraos: The minutes from the Federal Reserve meeting show that an "overwhelming majority" of officials believe the pace of inflation easing may be slower than expected. This is primarily due to three intertwined concerns: the impact of tariffs on goods prices may take longer to dissipate; the pass-through effect of oil prices on core inflation; and years of inflation above target levels making inflation expectations more susceptible to new shocks. (Jin10)