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Fed minutes: Officials deeply divided over future path of US inflation
By Christopher Rugaber, Associated Press at KSAT 12 (ABC affiliate)
· July 8, 2026
· 4 min read
The Federal Reserve's rate-setting committee is split over whether inflation is likely to stay elevated or whether it will cool once the Iran war winds down, according to minutes released Wednesday. In the first set of minutes released under new chair Kevin Warsh, “many” of the Fed's 19 officials...
Key takeaway In the first set of minutes released under new chair Kevin Warsh, “many” of the Fed's 19 officials said its key rate would be unchanged from or slightly below its current level of 3.
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Original reporting by KSAT 12 (ABC affiliate) . The San Antonio surfaces reporting from trusted publishers and adds local editorial context so readers can quickly understand what a story means for their community. We attribute every source, link to the original report, and follow a documented editorial standards policy. To understand how stories are selected and reviewed, read our about page .
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Category: local ·
Published: July 8, 2026 ·
Source: KSAT 12 (ABC affiliate) ·
Reading time: 4 min
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Frequently asked about this story
What is this story about? The Federal Reserve's rate-setting committee is split over whether inflation is likely to stay elevated or whether it will cool once the Iran war winds down, according to minutes released Wednesday. In the first set of minutes released under new chair Kevin Warsh, “many” of the Fed's 19 officials...
When was this published? This article was first published on July 8, 2026 by KSAT 12 (ABC affiliate) and curated for The San Antonio readers.
Who reported this story? This story was reported by Christopher Rugaber, Associated Press at KSAT 12 (ABC affiliate). To learn more about how The San Antonio selects and reviews stories, see our editorial standards .
Where can I find related coverage? See more local coverage from The San Antonio, or browse our daily briefing and topic hubs .
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