Golden Finance reported that the minutes of the Federal Reserve’s December meeting showed that Fed officials agreed that inflation is likely to continue to slow this year, but also believed that price pressures will persist as policymakers begin to deal with the impact of the incoming Trump administration’s policies. The risk increases. The minutes noted that participants expected inflation to continue moving closer to 2%, although they noted that recent higher-than-expected inflation data, as well as the impact of potential changes in trade and immigration policy, suggested that the process may be longer than previously expected. Some participants noted that the disinflation process may have been temporarily stalled or pointed to possible risks. The minutes of the meeting described the FOMC's decision to cut interest rates in December as a "delicate balance," with some participants noting that not lowering borrowing costs was desirable given what some saw as stalled progress in lowering inflation.