Fed mouthpiece: Fed meeting minutes no longer specify timeline for inflation returning to 2%.

Nick Timiraos, often referred to as the "Federal Reserve mouthpiece," wrote that the omissions in this year's Fed meeting minutes are more noteworthy. He pointed out that in multiple meetings up to December last year, staff predicted inflation would fall to 2% by 2027, but the December minutes pushed that date back to 2028. The January meeting minutes did not specify a concrete timeframe for inflation reaching 2%, only stating that the figure was "slightly higher, but balanced" compared to the December forecast, and anticipating that the impact of tariffs would subside by mid-year, after which inflation would return to its previous downward trend. The previous statement about "reaching 2% by 2028" was not present.