- Those favoring no change wanted to gain more info on US tariffs, backed a wait-and-see approach
- Members favoring a cut cited muted near-term inflation risks and signs of economic weakness
- Those favoring a cut highlighted need for timely action, given lags
- Everyone agreed there was a great deal of uncertainty and the situation could change quickly
- Agreed they should be less forward-looking than usual
- Agreed to maintain a robust survey and outreach plan to better understand in real time how the economy was adapting
- Agreed it was difficult to predict opposing pressure on prices beyond April
This article was written by Adam Button at www.forexlive.com.
