The disinflationary process has stalled, and at the same time, under Republican control, multiple items of Congress will push inflation even higher. At their December 2024 meeting, Fed officials debated persistent inflation and offered a range of views on where interest rates will be in 2025. Officials stressed that the Fed does not pre-set policy and needs to adjust based on economic data and the Trump administration's policies. The minutes of the Fed meeting, released on Wednesday (Jan...