Most Fed Officials Expect 2025 Rate Cuts Despite Tariff Inflation Concerns, Minutes Show

  • The minutes reveal more closely the behind closed doors thinking between the U.S.' top policymakers with the Fed under barrage from the White House. The Fed's decision to hold rates steady throughout 2025 thus far has drawn the ire of Trump, who has repeatedly called for Fed Chair Jerome Powell's resignation as Trump demands rate cuts to ignite his growth-focused agenda.