Inflation dropping to 2% 'likely take some time,' Fed says in minutes 14:09 $ECON, SPX, SPY Minutes from the last Federal Reserve meeting read: "Participants remarked that developments associated with Russia's invasion of Ukraine, the COVID-related lockdowns in China, and other factors restraining supply conditions would affect the inflation outlook and that it would likely take some time for inflation to move down to the Committee's 2 percent objective. Participants also judged that maintaining a strong labor market during the process of bringing inflation down to 2 percent would depend on many factors affecting demand and supply. Participants recognized that policy firming could slow the pace of economic growth for a time, but they saw the return of inflation to 2 percent as critical to achieving maximum employment on a sustained basis."
>>>>>> If only the Fed had listened to our advice... we would be talking about trending to 3.6% inflation instead of hoping for 2%
>>>>>> If only the Fed had listened to our advice... we would be talking about trending to 3.6% inflation instead of hoping for 2%
