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

Odaily reported that Nick Timiraos, known as the "Fed's mouthpiece," noted that the content omitted from the latest Fed meeting minutes is more noteworthy. He pointed out that in multiple meetings up until December last year, staff forecasts indicated inflation would fall back to 2% by 2027, but the December minutes had already pushed this timeline back to 2028.

However, the January meeting minutes did not specify a concrete timeline for inflation to reach 2%. They only mentioned that compared to the December forecast, the figures were "slightly higher, maintaining balance," and anticipated that after the impact of tariffs subsides by mid-year, inflation would resume its previous downward trend. The previous statement "and reaching 2% by 2028" found in earlier minutes was no longer present.