Federal Reserve meeting minutes: Inflation and unemployment risks have increased as of May meeting

Odaily Planet Daily News: The latest released minutes of the Federal Reserve's May meeting show that Fed staff admitted at the last meeting that they may face a "difficult trade-off" in the coming months, facing both rising inflation and rising unemployment rates. The expectation of increased economic recession risk by Federal Reserve officials supports this outlook. The simultaneous rise in inflation and unemployment rates will force committee members to decide whether to prioritize tightening monetary policy to combat inflation or to support economic growth and employment through interest rate cuts. As the economy adapts to the higher import taxes proposed by the Trump administration, "almost all attendees have indicated that inflation may be more persistent than expected. The Federal Reserve expects that due to the impact of tariffs, the inflation rate will "significantly" increase this year, while the job market is "expected to weaken significantly". By the end of this year, the unemployment rate will rise above the long-term expectation level of full employment and will remain at this level for two years. (Golden Ten)