- Fed Well Positioned to Wait for Clarity on Outlook, Minutes Say Bloomberg.com
- Fed feared that loss of ‘haven’ status would hit US economy Financial Times
- Minutes of the Federal Open Market Committee, May 6–7, 2025 Federal Reserve Board (.gov)
- Fed worried it could face ‘difficult tradeoffs’ if tariffs reaggravate inflation, minutes show CNBC
- The Fed Forecasts Stagflation WSJ
