Federal Reserve officials warn rate hikes may replace cut bias
Updated
Updated · Reuters · May 1
Federal Reserve officials warn rate hikes may replace cut bias
14 articles · Updated · Reuters · May 1
Kashkari said a prolonged Strait of Hormuz closure could require a series of hikes, as US gasoline rose to about $4.39 a gallon and oil touched $126.
Hammack and Logan said the Fed should drop guidance implying cuts after this week's 8-4 vote kept rates at 3.50%-3.75%, with inflation still above the 2% target.
Officials say the Iran war has lifted inflation risks and market expectations, and Powell signalled the Fed could adopt more neutral language as soon as the June 16-17 meeting.
Can the new Fed chair deliver rate cuts when his own team warns of a war-fueled inflation crisis?
Is a new Mideast war pushing the US economy back to the runaway inflation and stagnation of the 1970s?
Why is the outgoing Fed chair refusing to leave, a move unseen in 80 years, as his replacement takes over?