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May 28 • 5 tweets • 1 min read
FOMC May 2025 minutes:
As expected, Patience the theme.
- Well positioned to wait for more clarity on inflation & economy
- Participants agreed that uncertainty about the outlook had increased & it was appropriate to take a cautious approach to monetary policy - Participants agreed that risk of higher inflation and higher unemployment had risen
- Participants noted they may face “difficult tradeoffs” if inflation proved more persistent while outlooks for growth and employment weakened