Salem Radio Network News Tuesday, September 23, 2025

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Federal Reserve minutes: Policymakers saw a longer path to rate cuts

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( ) -q-22- UNDATED (Correspondent Jeremy House) “rate policies were.”

Federal Reserve officials have concluded that it would take longer than they previously thought for inflation to cool enough to justify reducing their key interest rate, now at a 23-year high.

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TAG: Correspondent Jeremy House reporting.

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VERBATIM: The conclusion came during a meeting earlier this month on the heels of several unexpectedly high inflation readings. Minutes of the meeting showed that officials also debated whether their benchmark rate was exerting enough of a drag on the economy to further slow inflation. Many officials noted that they were uncertain how restrictive the Fed’s rate policies are.

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