FED OFFICIALS ARE WORRIED ABOUT TARIFFS’ IMPACT ON INFLATION AND SEE RATE CUTS ON HOLD, MINUTES SHOW
Fed officials want more proof of lower inflation before cutting interest rates.
They are worried that new tariffs from President Trump could make inflation worse.
In January, they kept interest rates the same after cutting them three times in 2024.
They discussed the effects of tariffs, tax cuts, and fewer regulations from the new administration.
Current policy is less strict, so they will wait and watch before making more changes.
