"Fed's mouthpiece": Interest rate cut discussions are nearly over; Fed begins serious discussion of possibility of raising rates.

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ME News: On May 21 (UTC+8), “Fed whisperer” Nick Timiraos said that Fed officials have almost stopped discussing the issue that dominated policy debate over the past two years—whether to cut interest rates—and instead began to consider the opposite direction more seriously at last month’s meeting: whether to raise rates. The minutes of the April policy meeting showed: “Most participants emphasized that if inflation continues to persist above 2%, further tightening of policy may become appropriate.” The April meeting was Chair Powell’s last as Fed chair, and the minutes underscored how the Middle East conflict has reshaped the outlook for the interest-rate decision committee. Warsh will take over the committee after being sworn in at the White House on Friday. (Source: Jin Shi)
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