Fed officials unsure how fast inflation will fall: minutes
February 19, 2026 / By ICBA
Federal Reserve officials said they anticipate that inflation will move down toward their 2% objective, though the pace and timing of this decline remains uncertain, according to the minutes of the Federal Open Market Committee’s Jan. 27-28 meeting.
Details: Most participants cautioned that progress toward the 2% objective might be slower and more uneven than generally expected and judged that the risk of inflation running persistently above the committee's objective was meaningful. The FOMC decided to maintain the target range for the federal funds rate at 3.5% to 3.75%, with two members voting against that decision.
Next Meeting: The next FOMC meeting is scheduled for March 17-18.
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