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Fed minutes from divisive meeting show officials prepping for possible rate hike as inflation fears intensify

https://nypost.com/2026/05/20/business/fed-minutes-from-divisive-meeting-show-officials-growing-more-worried-about-inflation/https://www.cnbc.com/2026/05/20/fed-officials-see-rate-hike-ahead-if-inflation-stays-elevated-minutes-show.htmlhttps://www.nbcnews.com/business/economy/fed-officials-concerns-inflation-sparked-talk-rate-hike-rcna346161
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Fed minutes from divisive meeting show officials prepping for possible rate hike as inflation fears intensify Open in Nypost.com
Highlights
  • A majority of participants indicated some policy firming would be appropriate if inflation remains above 2 percent, signaling a potential rate hike ahead.
  • The Fed left rates at 3.50%–3.75% but four policymakers dissented, the most since 1992, underscoring a divided stance.
  • Incoming Chair Kevin Warsh faces a hawkish group as he prepares for a June meeting, shaping policy with inflation volatility in mind.

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References

Fed officials see rate hike ahead if inflation stays elevated, minutes show

Fed officials see rate hike ahead if inflation stays elevated, minutes show

Fed officials’ concerns about inflation sparked talk of rate hike during last meeting

Fed officials’ concerns about inflation sparked talk of rate hike during last meeting

Majority of Fed Officials Embraced Possibility of Higher Rates at Latest Meeting

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