Golden Finance reports, "The Federal Reserve's mouthpiece" Nick Timiraos's latest article: The policy meeting minutes released today show that, despite two officials opposing the decision and advocating for interest rate cuts, the Federal Reserve's decision to keep rates unchanged last month still received broad support. 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 stated that the transmission of tariff increases to consumer prices is slower than expected, which should alleviate concerns about new inflation shocks due to 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 in a speech last week stated 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 vowed never to conduct such calculations, calling it "a concept that is both meaningless and unmeasurable."
