TechFlow News, February 19: According to Jinshi News, Nick Timiraos—the so-called “Fed Whisperer”—commented on the Federal Reserve’s latest meeting minutes, noting that sometimes what the Fed *doesn’t* say is more intriguing. In every meeting last year—up until December—the staff’s projections indicated inflation would return to 2% by 2027. In December, however, that timeline was pushed back to 2028. Yet the January meeting minutes conspicuously omitted any specific timeframe for when inflation would reach 2%. Instead, the minutes stated that the current projections were “slightly higher and balanced” compared to those made in December, and that inflation is expected to revert to its “prior downward trend” once the impact of tariffs ends around mid-year. Notably, the key phrase from the December minutes—“reaching 2% by 2028”—has vanished from the January minutes.
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