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2 weeks ago

Fed policymakers' inflation worries weighed on rate cut outlook at Warsh's first meeting

Federal Reserve policymakers are increasingly concerned about inflation and the uncertainty about the direction it may take was reflected in the minutes of the Fed's latest monetary policy meeting released on Wednesday.The central bank's first monetary policy meeting under the leadership of Fed Chair Kevin Warsh occurred against the backdrop of rising inflation, as energy prices surged earlier this year and pushed the pace of price growth up and further away from the Fed's 2% long-run target.The minutes of the Federal Open Market Committee (FOMC), which determines the central bank's monetary p...