BlockBeats news, August 21, 'Federal Reserve Mouthpiece' Nick Timiraos latest article: The policy meeting minutes released today show that despite two officials dissenting and advocating for a rate cut, the Federal Reserve's decision to keep interest rates unchanged last month still received broad support. However, a small number of officials align with Waller and Bowman, suggesting they may support a rate cut at the Federal Reserve's next meeting on September 16-17.

They indicated that the transmission speed of tariff increases to consumer prices is slower than expected, which should alleviate concerns about new inflationary shocks caused by rising import costs. However, inflation-focused 'hawks' pointed out that price pressures have increased since last month's meeting, including service prices. Kansas City Federal Reserve Bank President Schmid stated last week in a speech that the impact of tariffs on inflation is limited, partly because the Federal Reserve has maintained stable interest rates.

Unlike Bowman (who has been calculating the inflation level excluding tariffs), Schmid pledged never to conduct such calculations, calling it 'a concept that is both meaningless and unmeasurable.' (Jin Shi)