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FOMC debated tariffs’ impact on inflation, minutes show

Aug. 20, 2025 2:24 PM ETBy: Liz Kiesche, SA News Editor
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Members of the Federal Reserve’s Federal Open Market Committee debated whether tariffs would fuel inflation, with a few officials expecting the import duties would only represent a one-time price increase, according to minutes from the July 29-30 meeting.

At the

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