Returning inflation to 2 pct "could take longer than previously anticipated": U.S. Fed minutes

WASHINGTON, Jan. 8 (Xinhua) -- The process of returning inflation to the Federal Reserve's 2-percent long-term goal "could take longer than previously anticipated," according to the latest minutes released on Wednesday.

Participants noted that although inflation had eased substantially from its peak in 2022, "it remained somewhat elevated," said the minutes of the Federal Open Market Committee (FOMC)'s Dec. 17-1