Fed minutes show growing openness to rate hikes at March meeting - Reuters
Fed minutes show growing openness to rate hikes at March meeting Reuters
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Notable Quotes
"If we don’t see that progress then you won’t see the rate cut."
— Jerome Powell , Politician
"I can foresee scenarios where we would need to reduce rates ... if the labor market deteriorates significantly."
— Beth Hammack , Executive
"Or I could see where we might need to raise rates if inflation stays persistently above our target."
— Beth Hammack , Executive
"Inflation has been running above our target for more than five years now."
— Beth Hammack , Executive
"We did talk about alternative scenarios a little bit."
— Jerome Powell , Politician
Key People
Austa is the Chicago Fed President.
Austan Goolsbee is the President of the Chicago Federal Reserve.
Beth Hammack is the President of the Cleveland Federal Reserve.
Former president of the United States known for his aggressive economic policies.
Jerome Powell is the Chair of the Federal Reserve.
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<a href="https://news.google.com/rss/articles/CBMiqAFBVV95cUxOVGtGaEhfZ2hEbzVRZXdLOXpObW5GWWF6d0xVSk5fVmNkQUg5WThtU3dWcEd3c2pTVXk0eF9Da1pTWU9LZkNXUlhUMW1RSUZya2NVYW1sRkh3N3o0WWN6VjhqZHQzY1lmbzZaQWwtZmtScXg3VVdvUk1pTjlPcy1tUkRPb3JmZDlNekExSmVBUVh4OFFXTTROaWx6WU1oMDhObmh1Q2pfYUE?oc=5" target="_blank">Fed minutes show growing openness to rate hikes at March meeting</a> <font color="#6f6f6f">Reuters</font>
Minutes from the Federal Reserve's March meeting reveal an increased inclination among policymakers toward potential interest rate hikes in 2026, influenced by rising gas prices due to the Iran conflict.
The Federal Reserve's March meeting minutes, released today, may provide further insights into how policymakers assess the economic risks posed by the U.S.-Iran war, particularly concerning inflation and growth.
Beth Hammack, president of the Federal Reserve Bank of Cleveland, indicates that an interest rate hike could be appropriate if inflation remains persistently above the central bank’s 2% target, amid rising gas prices and inflation concerns.
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