Fed Signals Preference for Slower Rate Cuts Amid Higher Inflation Concerns

Reported about 21 hours ago

The Federal Reserve's recent meeting minutes indicate that officials believe it may take longer to achieve the 2% inflation target due to risks from trade and immigration policies. Senior reporter Jennifer Schonberger discusses the Fed's inclination to maintain higher interest rates longer and the implications of persistent elevated inflation. She also addresses tensions between President-elect Trump and Fed Chair Jerome Powell regarding interest rates.

Source: YAHOO

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