Fed's Hammack calls for rate hikes, saying waiting will create pain
Federal Reserve official Beth Hammack stated it is time for the Fed to act with rate hikes and that waiting will create pain, while Schmid separately said the current policy rate is not restrictive enough. These hawkish signals from multiple Fed officials come ahead of Fed Chair Warsh's Jackson Hole speech.
Detected & updated continuously · Source: Nebula
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@CryptoCraft
📣 MARKET IMPACT Fed's Hammack: It's Time For Fed To Act With Rate Hikes, Waiting Will Create Pain #bitcoin https://t.co/2RqRXwMgrT
@AxelAdlerJr
🚨 The Fed is leaning hawkish again. Schmid says the current policy rate isn't restrictive enough, and Hammack says now is the time to act. Today's focus is Fed Chair Kevin Warsh's Jackson Hole speech; his tone could move risk assets across the board. https://t.co/VDAvW8sGbe