Federal Reserve spokesperson: The Federal Reserve meeting minutes did not specify a timeline for inflation returning to 2%

Odaily Planet Daily reports that “Federal Reserve mouthpiece” Nick Timiraos stated that the content not mentioned in this Federal Reserve meeting minutes is more worth paying attention to. He pointed out that in multiple meetings from last year until December, staff predicted that inflation would fall back to 2% by 2027, but the December minutes pushed the timeline back to 2028.

In the January meeting minutes, the specific timing for inflation reaching 2% was not clearly stated, only indicating that compared to the December forecast, the figure was “slightly higher and balanced,” and it was expected that after the end of tariffs’ impact in the middle of the year, inflation would return to its previous downward trend. The previous statement in the minutes mentioning “reaching 2% by 2028” was no longer present.