Federal Reserve meeting minutes: Uncertainty has increased relative to the average level of the past 20 years

According to BlockBeats, on May 29th, the minutes of the Federal Reserve meeting mentioned that staff continued to notice a significant amount of uncertainty surrounding trade and other economic policies, and now believe that the predicted uncertainty has increased relative to the average level of the past 20 years. The risk of actual economic activity is considered to lean towards a downturn, and staff believe that the likelihood of the economy falling into recession is almost as high as the baseline forecast. The significant upward adjustment of the inflation forecast for 2025 is considered to balance the risks surrounding that year's inflation forecast. Subsequently, Federal Reserve staff continue to believe that the risks surrounding inflation forecasts are biased towards an upward trend, and the recent rise in some inflation expectation indicators has increased the likelihood that inflation will be more persistent than the baseline forecast assumption. (Golden Ten)