Fed minutes reveal rate-cut hesitancy, risking Trump clashBloombergUS Federal Reserve officials appeared surprisingly wary of cutting interest rates when they met last month, with several even suggesting the central bank might need to raise rates if inflation remains stubbornly high. That could put it on a collision course with US President Donald Trump and complicates the task of Trump’s nominee for Fed chair, Kevin Warsh. Renovations are under way at the Federal Reserve Board building in Washington on Nov. 14 last year. “It’s high time for the Federal Reserve to acknowledge this abundantly clear reality and cut rates to deliver further economic relief for American homebuyers and businesses,” he said. The minutes showed most of the Federal Open Market Committee (FOMC) believed last year’s labor market weakness was fading by late last month.

Source: Taipei Times February 19, 2026 16:09 UTC