Federal Reserve minutes indicate worries over lack of progress on inflation

The minutes from recent Federal Reserve meetings indicate that there are concerns among officials over the lack of significant progress made on inflation rates. The primary goal of the Federal Reserve is typically to keep inflation around 2% per year. When inflation rates are too low or too high, it can lead to various economic issues. Low inflation can stagnate economic growth, while high inflation can decrease the buying power of consumers, negatively impacting the cost of living.

In attempting to control inflation, the Federal Reserve uses various monetary