Fed Minutes Reveal Growing Divisions Over Impact of Trump Tariffs

According to ChainCatcher, citing Jinshi News, the minutes of the Federal Reserve's July meeting indicate that while many remain concerned about inflation risks, some policymakers are gradually abandoning their hesitation to lower borrowing costs. The minutes note that it is neither feasible nor appropriate to wait until the impact of tariffs on inflation is fully clear before adjusting the monetary policy stance. At the July meeting, Governors Waller and Bowman supported a 0.25 percentage point rate cut, marking the first time since 1993 that two governors have disagreed with the Federal Reserve Chair.