Federal Reserve megaphone: A few officials suggest they may join the interest rate cut camp in September

On August 21st, "Federal Reserve Messenger" Nick Timiraos wrote the latest article: The policy meeting notes released today show that the Federal Reserve's decision to keep interest rates unchanged last month still received broad support despite the opposition of two officials who advocated a rate cut. But a few officials have already agreed with Waller and Bowman, < b > suggesting they may support a rate cut at the Federal Reserve's next meeting on September 16-17 . They said that < b > the transmission of tariff increases to consumer prices has been slower than expected , which should ease concerns about new inflationary shocks caused by rising import costs. But inflation hawks point to increased price pressures, including on services, since last month's meeting. In a speech last week, Mr. Schmid, president of the Kansas City Fed, said the impact of tariffs on inflation was limited, in part because the Fed had kept interest rates stable. Unlike Mr. Bauman, who has been calculating inflation after tariffs, Mr. Schmid promised never to make such calculations, calling them "a concept that is neither meaningful nor measurable".