Fed Removes 2% Inflation Timeline in January Minutes After December 2028 Target

The Federal Reserve's January meeting minutes no longer include a specific timeline to reach its 2% inflation target, Odaily Planet Daily reports citing Nick Timiraos. The December minutes had projected the target would be achieved by 2028. The January minutes indicate the Fed expects inflation's downward trend to resume by midyear as tariff effects diminish, while omitting any reference to reaching 2% by 2028.