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@ Layer3.news
2025-05-28 19:41:17
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FED MINUTES: UNCERTAINTY 'ELEVATED' AS RISKS OF HIGHER INFLATION AND UNEMPLOYMENT RISE
https://s.abcnews.com/images/US/abc_news_default_2000x2000_update_4x3t_384.jpg
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✍️ Federal Reserve officials decided to hold off on interest-rate moves to assess the impact of President Trump's tariffs on inflation, unemployment, and the economy.
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👉 Federal Reserve officials decided to hold off on interest-rate moves
👉 Tariffs could both raise inflation and slow the economy
👉 Officials showed greater concerns about higher inflation than rising unemployment
👉 Many officials expressed concerns that tariffs would likely raise prices in the months ahead
👉 There was considerable uncertainty surrounding the evolution of trade policy
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#PresidentDonaldTrump #JeromePowell #Washington #politics
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