<ul><li>Federal Reserve officials expressed concerns about the risk of stagflation at their meeting last month.</li><li>Almost all officials viewed risks to inflation as tilted to the upside and risks to employment as tilted to the downside.</li><li>The officials were grappling with the risks posed by President Donald Trump's trade policies to their goals of stable prices and maximum employment.</li><li>US central bankers left their benchmark lending rate unchanged, highlighting increased uncertainty around the economic outlook.</li></ul>

Fed Minutes Show Officials Worried Over Stagflation Risk Ahead Of Tariffs

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