Federal Reserve's Hammack: Signals suggesting the next move is a rate cut are misleading

Odaily Planet Daily News: Federal Reserve's Hammack stated that the central bank's signals suggesting the next move is a rate cut are misleading. High inflation is forcing more people to make trade-offs, and cutting rates more than is reasonable will fuel inflation. The Fed strives to maintain political neutrality. Powell has performed exceptionally well at the helm of the Fed. Hammack expressed 'excitement' about the arrival of Fed Chair nominee Warsh. (Jinshi)