Fed meeting minutes: US economy faces risks of high inflation and low growth

Odaily Planet Daily News: Federal Reserve policymakers almost unanimously agreed at last month's meeting that the U.S. economy faces the risk of rising inflation and slowing growth at the same time, and some policymakers pointed out that the Fed may face "difficult trade-offs." The March 18-19 meeting was held after the Trump administration's initial tariff plan, which increased uncertainty about the economic outlook and led participants to favor a "cautious approach" that could choose to keep interest rates higher for longer if inflation persists, or to choose to cut interest rates if the weak economy requires more immediate attention. "Participants assessed that uncertainty in the economic outlook has increased, and almost all participants believed that inflation risks tend to be upward and employment risks tend to be downward." (Jinshi)