Fed officials edge toward rate hikes as Trump calls for cuts
TL;DR Summary
Trump is pressing for lower interest rates, but a growing chorus of Federal Reserve policymakers signals the next move could be higher rates if inflation remains broad-based, with officials like Hammack, Logan and others hinting at hikes even as markets pricing show a plausible September increase after a likely July pause.
Topics:business#central-bank-interest-rates#donald-trump#economy#federal-reserve-system#inflation#monetary-policy
- Trump wants rate cuts. More Fed officials say hikes could be next. The Washington Post
- Fed rate-hike voices swell before July decision, rates still seen on hold Reuters
- Dallas Fed President Logan calls for 'modestly' higher interest rates CNBC
- Cleveland Fed's Hammack has started hearing businesses demand action to curb inflation MSN
- Hammack Sees No Conflict in Fed’s Goals, Inflation Her Worry Bloomberg.com
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