Five local Federal Reserve chairmen support interest rate hikes, forming a divergence with the camp of maintaining interest rates unchanged

Five out of the 12 regional Federal Reserve chairmen have publicly supported interest rate hikes after the July meeting, believing that the current monetary policy restrictions are insufficient. Cleveland Fed President Hammack, Dallas Fed President Logan, Minneapolis Fed President Kashkari, Kansas City Fed President Schmid, and St. Louis Fed President Mossalam support interest rate hikes, while seven Fed governors, New York Fed President Williams, and Philadelphia Fed President Paulson support keeping interest rates unchanged. AI interpretation: There are significant differences within the Federal Reserve on the path of monetary policy, and the hawkish camp is sending tightening signals to the market through public statements. The inconsistency of this policy stance directly weakens the market's deterministic expectation of interest rate cuts within the year. The policy game under high interest rate environment has intensified the volatility risk of financial markets. The consensus basis for the Federal Reserve to maintain interest rates unchanged is being challenged, and the subsequent policy direction depends on further competition between inflation and employment data.