The minutes from the Federal Reserve’s June 17–18 policy meeting, expected to be released Wednesday, are set to reveal internal divisions over the economic impact of rising U.S. import tariffs and the timing of potential interest rate cuts, with Fed officials appointed by former President Donald Trump—Governor Christopher Waller and Vice Chair Michelle Bowman—open to easing rates as early as the July 29–30 meeting, while others remain cautious amid inflation concerns and a strong June jobs report, all unfolding as Trump publicly calls for Fed Chair Jerome Powell’s resignation, accusing him of political bias and delayed action, further intensifying scrutiny over the central bank’s independence and policy direction.
