💨 Abstract

Federal Reserve officials voiced concerns about inflation in their December meeting, expressing a need for slower rate cuts due to uncertainty surrounding President-elect Donald Trump's policies. Officials also discussed the potential impact of Trump's proposed tariffs and deregulation on the U.S. economy. Although they voted for lowering the benchmark borrowing rate, they anticipate a slower pace of cuts due to concern about inflation readings above the 2% target.

Courtesy: theprint.in

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