Federal Reserve officials appeared surprisingly wary of cutting interest rates when they met last month, with several even suggesting the central bank may need to raise rates if inflation remains stubbornly high.

While the minutes of the central bank’s Jan. 27-28 policy meeting, released Wednesday, fell far short of suggesting most officials were contemplating the possibility of rate increases, they made clear the Fed is shifting further away from agreeing on another cut.

That could put it on a collision course with President Donald Trump and complicates the task of Trump’s nominee for Fed chair, Kevin Warsh.

“The minutes carry a distinctly more hawkish tilt,” Gregory Daco, chief economist at EY-Parthenon, wrote in a note to clients. “This sets up an interesting dynamic if and when Kevin Warsh is confirmed as Fed chair.”