Federal Reserve Meeting Minutes: Many participants pointed out that high inflation is likely to become entrenched, and also suggested that further interest rate cuts may be misunderstood as the Fed's lack of determination on the 2% inflation target.

Federal Reserve Meeting Minutes: Many participants pointed out that high inflation is likely to become entrenched, and also suggested that further interest rate cuts may be misunderstood as the Fed's lack of determination on the 2% inflation target.