Fed Officials Reveal Internal Divisions on Inflation and Rate Cuts Tonight; Dovish Camp Shrinking as Powell Successor Prepares to Take Over

GateNews
According to Jin10, Federal Reserve officials released statements tonight (May 20) showing deepening internal divisions on inflation and monetary policy. Hawks like Schmidt and Collins stressed inflation remains dangerously high and may require sustained tight policy or further rate hikes, while doves like Williams saw no current case for either hikes or cuts. Notably, Milan submitted his resignation after consistently voting for rate cuts. Market analysts including JPMorgan Chase and Bank of America warned that incoming Fed Chair Walsh will face significant obstacles in pushing for rate cuts, with inflation expectations still fragile and colleagues predominantly focused on inflation control rather than easing.
Disclaimer: The information on this page may come from third-party sources and is for reference only. It does not represent the views or opinions of Gate and does not constitute any financial, investment, or legal advice. Virtual asset trading involves high risk. Please do not rely solely on the information on this page when making decisions. For details, see the Disclaimer.
Comment
0/400
No comments