Fed Officials Said Possibility Of More Tariff Increases Risks Boosting Inflation; Officials Generally Expected Inflation To Remain Elevated Short-Term; They Hadn't Seen Enough Progress On Lowering Inflation In Prior Months; Policy Wasn't Sufficiently Restrictive; Higher Rate Would Stop Sector-Specific Price Hikes From Spreading
Fed Officials Said Possibility Of More Tariff Increases Risks Boosting Inflation; Officials Generally Expected Inflation To Remain Elevated Short-Term; They Hadn't Seen Enough Progress On Lowering Inflation In Prior Months; Policy Wasn't Sufficiently Restrictive; Higher Rate Would Stop Sector-Specific Price Hikes From