Three Fed officials support interest rate hikes, increasing pressure from hawks within the agency
2026-07-31 22:47:38
According to CoinMeta, three Federal Reserve policymakers stated that the opposition votes in favor of raising interest rates this week stem from stubborn inflationary pressures, indicating that the internal pressure faced by Federal Reserve Chairman Jerome Powell is increasing. Harker and Kashkari expressed concern that, although the current round of price increases may be due to short-term factors such as President Trump's tariff policies and the Iran war, the inflation situation is now warranting action by the Fed. Logan also joined in, stating that even if inflation cools down, it is unlikely to fall back to the Fed's 2% target level unless the Fed raises interest rates. Kashkari said that if inflation remains stubborn, he might support a series of interest rate hikes, not just one, to prevent inflation from further solidifying. Harker noted that if the Fed does not tighten its policy, the pace of price increases could continue to accelerate.
Source:Jin10 Data
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