The Federal Reserve Chair's speech in Jackson Hole, Wyoming, last week provided insights into how he gauges economic progress.

The technologies' prospective impacts on inflation, economic growth, corporate borrowing, and cybersecurity are all topics touched on in the latest minutes released by the Federal Reserve.

"The longer that high inflation persists, the more challenging and costly it can be to bring it back down," says Cleveland Fed President Beth Hammack.

Austan Goolsbee sees ongoing price pressures beyond the Iran war's impact on energy costs, and thinks the Fed shouldn't rule out a rate hike.

The 8-to-4 vote marked the first time since October 1992 that four officials dissented against an FOMC decision.

"While it's true that inflation is less problematic than it was some years ago, hard-working Americans are no doubt feeling it. I think that means a regime change in the conduct of policy."

“Higher-income customers were unconstrained, but ‘customers in the middle to lower end of the financial spectrum are tightening the belt.’”

“I have some concerns, and I lean more to the ‘When it’s foggy, let’s just be a little careful and slow down.’”