Fed Minutes Show Little Support for Interest Rate Cut Later This Month
Only "a couple" of officials at the Federal Reserve's June 17-18 meeting said they felt interest rates could be reduced as soon as this month, with most policymakers remaining worried about the inflationary pressure they expect to come from President Donald Trump's use of tariffs to reshape global trade.
Trump has demanded immediate, steep cuts, and called for Fed Chair Jerome Powell to resign. The minutes released on Wednesday, however, showed only narrow support for a near-term reduction in...
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