Federal Reserve's Hamak: Signals that the next step is a rate cut are misleading.

Federal Reserve official Hamak stated that the Fed's signal that the next step would be an interest rate cut is misleading. High inflation is forcing more people to make trade-offs, and interest rate cuts exceeding a reasonable range would push up inflation. The Fed is trying to maintain political neutrality, and Powell has performed exceptionally well at the Fed. He expressed "excitement" at the appointment of Warsh as the new Fed chair. (Jinshi)