Fed minutes show rising inflation worries
The article discusses the minutes of the U.S. Federal Reserve's July meeting, which revealed growing concerns about inflation. Several policymakers expressed willingness to raise interest rates if inflation does not decrease to the target rate of 2%. Although the current interest rates remain between 3.50% and 3.75%, some members opposed keeping rates unchanged and called for a quarter percentage point increase. The meeting also considered steps to tighten monetary policy more aggressively if inflation persists, emphasizing that the main adjustment would occur through changes in the interest rate, rather than through asset holdings. This indicates a shift toward a tighter monetary policy aimed at addressing the ongoing rise in inflation.
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