The Federal Reserve expressed concerns about the economic impact of President-elect Donald Trump's policies in the minutes of its December meeting. The minutes revealed a cautious approach to monetary policy, with officials advocating for a gradual approach to further rate cuts and emphasizing the importance of inflation remaining above target levels. Some officials argued for flexibility in case inflation trends downward or labor market conditions worsen. The Fed also expressed unease about Trump's trade and immigration plans, which they believe could exacerbate inflation pressures and hinder progress toward inflation and employment goals. The crypto market felt the effects of the FOMC minutes, with Bitcoin experiencing a sharp drop shortly after their release. These developments highlight the interplay between fiscal policy, monetary decisions, and market sentiment.



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