Loading...
[Several Federal Reserve Officials Deliver Hawkish Remarks, Emphasizing the Need to Maintain Tight Monetary Policy] On November 14, several Federal Reserve officials delivered hawkish remarks. Minneapolis Fed President Neel Kashkari stated that he did not support the Fed's decision to cut interest rates in October, believing that rate cuts should have been paused at the time. However, he remains cautious about the action plan for the December meeting. He noted that the fundamental resilience of U.S. economic activity is stronger than expected. Federal Reserve official Harker said that monetary policy needs to remain tight to curb inflation and bring it back to target levels. He also expressed no concern about the weakening of the U.S. dollar, stating that the dollar is currently closer to fair valuation. Federal Reserve official Mester remarked that there is limited room for further easing of monetary policy and emphasized the need for caution in the future. At the same time, she stressed the importance of supporting the labor market while suppressing high inflation.