by Jennifer Schonberger
Yahoo! Finance
The Federal Reserve’s December meeting minutes show officials believe inflation can take longer than anticipated to reach the 2% goal, citing risks from trade and immigration policies.
Yahoo Finance senior Fed reporter Jennifer Schonberger joins Market Domination to discuss the central bank officials’ preference toward keeping interest rates higher for longer or possibly slowing down their pace of rate cuts if elevated inflation persists.
In the video above, Schonberger joins Josh Lipton and Julie Hyman to also uncover then tensions between President-elect Donald Trump and the Fed — namely chair Jerome Powell — over interest rates.