According to Wall Street Journal, three regional Federal Reserve presidents—Lorie Logan, Neel Kashkari, and another—opposed maintaining the phrase “next move more likely to be a rate cut” in this week’s policy statement on May 2, signaling that the next rate adjustment could be either a hike or a cut.
Federal Reserve Chair Jerome Powell stated that the committee is shifting from a “rate-cut bias” toward a “neutral stance,” adding that if future rate hikes become necessary, the Fed will first move to neutral before signaling tightening. The policy discussion has marked a notable shift, with internal debate now focused on conditions for potential rate increases rather than when to resume cuts.
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