Fed spokesperson: A few officials hinted that they might join the rate cut camp in September.

On August 21, "Fed's Mouthpiece" Nick Timiraos latest article: The minutes of today's policy meeting show that, despite two officials opposing and advocating for a rate cut, the Fed's decision to keep interest rates unchanged last month still received broad support. However, a few officials have aligned with Waller and Bowman, suggesting they may support a rate cut at the Fed's next meeting on September 16-17. They indicated that the transmission of tariff increases to consumer prices is slower than expected, which should alleviate concerns about new inflation shocks caused by rising import costs. However, the inflation-focused "hawks" pointed out that since last month's meeting, price pressures have increased, including service prices. Kansas City Fed President Esther George stated in a speech last week that the impact of tariffs on inflation is limited, partly because the Fed has maintained stable interest rates. Unlike Bowman (who has been calculating inflation levels excluding tariffs), George promised never to conduct such calculations, calling it "a concept that is both meaningless and immeasurable." ( Jin10 )