Deep Tide TechFlow news, on August 21, according to Jinshi Data, "the Federal Reserve's mouthpiece" Nick Timiraos recently wrote: The policy meeting minutes released today show that, despite two officials opposing and advocating for a rate cut, the Federal Reserve's decision to keep interest rates unchanged last month still received widespread 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 stated that the transmission of tariff increases to consumer prices is slower than expected, which should alleviate concerns about new inflation 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 Esther George stated in a speech last week 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 inflation levels excluding tariffs), George pledged never to conduct such calculations, stating that it is "a concept that is both meaningless and unmeasurable."