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Fed minutes: Most officials worried about inflation moving higher

The meeting underscores policymakers' reluctance to reduce a key rate until they get a clearer sense of tariff impacts.

The front facade of the Marriner S. Eccles Federal Reserve Board Building is visible as renovations continue on the Federal Reserve, Thursday, July 24, 2025, in Washington. (Andrew Harnik/Pool Photo via AP)
The front facade of the Marriner S. Eccles Federal Reserve Board Building is visible as renovations continue on the Federal Reserve, Thursday, July 24, 2025, in Washington. (Andrew Harnik/Pool Photo via AP)
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The meeting underscores policymakers' reluctance to reduce a key rate until they get a clearer sense of tariff impacts.

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