【Federal Reserve Mouthpiece: A Few Officials Hint They May Join the Rate Cut Camp in September】Golden Finance reports that “Federal Reserve Mouthpiece” Nick Timiraos' latest article states: The minutes of today’s policy meeting show that, despite two officials opposing and advocating for a rate cut, the decision to keep rates unchanged last month was still widely supported. However, a few officials have aligned 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 of tariff increases to consumer prices is slower than expected, which should alleviate concerns about a new inflation shock caused by rising import costs. However, inflation-focused “hawks” pointed out that price pressures have intensified since last month’s meeting, including service prices. Kansas City Federal Reserve Bank President George last week stated in a speech that the impact of tariffs on inflation is limited, partly because the Federal Reserve has kept rates stable. Unlike Bowman (who has been calculating inflation levels excluding tariffs), George committed to never conducting such calculations, calling it 'a concept that is both meaningless and unmeasurable.'
