Fed Meeting Minutes: Economic Prospects Slightly Downgraded
2026-08-20 02:04:16
According to CoinMeta, the meeting minutes show that some officials who supported the interest rate hike in July believed that taking immediate action could reduce the necessity for further hikes in the future. Almost all members agreed unanimously to retain the statement confirming the Fed's commitment to restoring price stability. Fed staff maintained their largely unchanged inflation forecasts, but slightly downgraded the economic outlook compared to June. No decision was made regarding whether to change the number of meetings FOMC; Chairman Warsh stated that the meeting schedule for 2026 would remain unchanged.
Source:X
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