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Nick Timiraos: Federal Reserve officials are concerned that the pace of inflation easing is slower than expected
ME News message, April 9 (UTC+8). “The Fed’s mouthpiece” Nick Timiraos said that the Federal Reserve meeting minutes show that “the vast majority” of officials believe the pace of inflation easing may be slower than expected, mainly due to three intertwined concerns: the impact of tariffs on commodity prices may take longer to fade; the transmission effect of oil prices on core inflation; and, with inflation rates above the target level for years, inflation expectations are more easily affected by another round of shocks. (Source: ChainCatcher)