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Fed saw "upside risks" to inflation, disagreed on rate path
Federal Reserve officials saw a wide range of scenarios for how the economy and inflation will evolve at their meeting last month, leaving the central bank's policy committee divided over the path for interest rates ahead, according to minutes released Wednesday. Why it matters: In Kevin Warsh's first meeting as Fed chairman, he wrestled with significant factions of the Federal Open Market Committee who see ongoing price pressures from the AI buildout as well as one that is more confident that …
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