Only "a couple" of officials at the Federal Reserve's June 17-18 meeting said they felt interest rates could be reduced as soon as this month, with most policymakers remaining worried about the inflationary pressure they expect to come from President Donald Trump's use of tariffs to reshape global trade.

Most Federal Reserve officials expect to cut interest rates this year, but disagreement is mounting over when, why, and by how much.Minutes from the central bank’s June 17-18 meeting, released Wednesday,