Several Fed participants indicated they would have supported language reflecting possibility of upward rate adjustments; focus shifted from jobs to inflation concerns.
Asking what's most notable given investors taking minutes in stride.
speaker2
speaker1
First commentary from Fed about possibility of rate increases in years; refers to only 2-3 members but becomes significant talking point.
Asking what could lead to slower disinflation than expected.
speaker3
speaker1
Concerns about tariff price increases not fading fast, plus additional demand from tax refunds and AI spending could push prices higher.
Asking about Kevin Hassett's criticism of NY Fed tariff study showing US bears 90% of burden.
speaker2
speaker1
NY Fed's 90% finding is actually conservative; other studies show 94-99% of tariff burden borne by Americans.
Asking about jobless boom and whether productivity from technology can offset stagnant labor markets.
speaker3
speaker1
Technology adoption speed/depth determines productivity impact; labor market/jobless recovery concerns reflected in minutes as possible risk.