Federal Reserve spokesperson: The Federal Reserve minutes did not specify a timeline for inflation to return to 2%, reflecting a weakened confidence in the inflation path

"Fed's mouthpiece" Nick Timiraos stated that the content not mentioned in this Federal Reserve meeting minutes is more worthy of attention. He pointed out that in several meetings last year until December, staff predicted that the inflation rate would fall to 2% by 2027, but the December minutes pushed the timeline back to 2028.

In the January meeting minutes, there was no specific mention of when the inflation rate would reach 2%, only indicating that the values were "slightly higher and balanced" compared to the December forecast, and it was expected that the impact of tariffs would end after mid-year, with inflation returning to the previous downward trend. The previous mention of "reaching 2% by 2028" did not reappear.

Nick Timiraos hinted that this reflects a weakening confidence from the Federal Reserve regarding the inflation path, influenced by tight resource utilization and rising import prices. The official minutes confirmed a slightly higher forecast than in December but did not specify a return year, highlighting policy uncertainty.