Inflation concerns prevailed in Kevin Warsh's first FOMC meeting: Fed minutes

During its June meeting, the Federal Reserve decided to keep interest rates unchanged. Committee members expressed concerns about rising inflation and ongoing supply chain disruptions. Economic indicators for the second quarter showed robust growth, and the job market appeared resilient. Although inflation forecasts were adjusted upward, a decline is anticipated later this year, with the Fed projecting inflation to meet its target by 2028.

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