"Fed's mouthpiece": Discussion on rate cuts is nearly over; Fed begins to seriously discuss possibility of rate hikes.

robot
Abstract generation in progress
ME News, May 21 (UTC+8): Nick Timiraos, the “Fed whisperer,” said that Fed officials have almost stopped discussing the issue that dominated policy debates over the past two years—whether they should cut interest rates. Instead, at last month’s meeting, they began to seriously consider the opposite direction: whether they need to raise interest rates. The minutes from 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 the last one with Jerome Powell as Fed chair, and the minutes highlight how the Middle East conflict has reshaped the outlook for the rate-setting committee. Warsh will take over the committee after being sworn in at the White House on Friday. (Source: Jinshi)
View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
Add a comment
Add a comment
No comments
  • Pinned