Federal Reserve officials comment on inflation and the monetary policy path

Crypto.news report: US Federal Reserve officials shared their views on inflation and the monetary policy path. The Fed officials are distributed as 1 dovish, 7 neutral, and 10 hawkish. Former Fed Chair Jerome Powell believes policy is at a neutral-to-high or moderately restrictive level, inflation performance is weak, and keeping interest rates at an appropriate level. Fed official Waller needs months of low inflation data; if core CPI continues to rise, it will require a rate hike soon. Fed Chair Kevin Warsh says recent inflation data has not fully reflected underlying inflation; he is dissatisfied with the indicators and will consider balance sheet and interest-rate tools. Cook is inclined to observe how inflation evolves; if inflation does not fall quickly, he is prepared to take action. Kashkari expects one rate hike in 2026, with interest rates unchanged in 2027. Bowman is the only dovish member, saying it is too early to judge how the war will affect inflation; sustained increases in oil prices will force a reassessment. Williams and Jefferson believe inflation may have already peaked. Jefferson said current policy can support employment and steer inflation down to 2%. Barr noted that there is uncertainty around the impact of energy shocks on inflation and the role of AI in widening the gap between the rich and the poor.
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