Federal Reserve officials dissent against forward guidance suggesting only rate cuts ahead
The Federal Reserve's Wednesday policy statement included the word "additional" in its forward guidance on interest rates, implying potential rate cuts without acknowledging rate hike possibilities. Three Fed presidents, Lorie Logan, Beth Hammack, and Neel Kashkari, dissented and released statements Friday arguing the guidance was premature given economic uncertainty and rising oil prices from the Iran conflict.
- Reutersfirst
- CNN+42 min
- NY Post+61.5 h
Lightly covered so far
Too few outlets to map a left-right split. Here is each take as it stands.
“Fed should ditch rate-cut lean because of oil shock, policymakers say”
“The Fed subtly signaled that only rate cuts are on the table. Some Fed officials are crying foul”
“Federal Reserve official says Iran war limits central bank's ability to provide rate guidance”