#FOMCMinutes ** Inflation fears dominate the Fed’s outlook**

Most policymakers now see inflation as a greater threat than job market weakness, signaling a shift in priorities.

** Political pressure in the mix**

Despite outside influences—including scrutiny of Fed governance—most officials remained unified in holding rates steady. However, internal debate was apparent, especially regarding the effects of tariffs and recent resignations.

** Markets on edge ahead of Jackson Hole**

Investors are parsing the minutes for clues on a potential September rate cut. Mixed economic signals and persistent inflation risks are making the path forward murky.