Federal Reserve Governor Waller: "Emergency Withdrawal" of Rate Cut Vote Due to Oil Price Surge
Svmuu News Federal Reserve Governor Waller stated that, given the unexpected unemployment situation in February, he had originally planned to vote in favor of a rate cut at this week's central bank meeting. However, as tensions in oil supply intensify and the threat of persistent inflation looms, he realized that more cautious measures are needed until the impact of the Iran war becomes clear. Federal Reserve Governor Waller said that when the latest employment report showed a loss of 92,000 jobs last month, "I thought at the time, that's it, I disagree with the Fed's decision this week to keep rates unchanged." But "since then, the Strait of Hormuz has been blocked. This seems to indicate that the conflict will last longer, and oil prices will remain high for a longer period. So this suggests that the inflation problem is more concerning," and its duration will depend on the extent and persistence of the rise in energy prices. (Jin10)
No AI analysis yet. Tap the "AI Analysis" button above to generate one now.
Disclaimer: This content reflects the author's personal views only and does not constitute investment advice.
24H Trending
-
1
Current Status of Virtual Currency Trading Platforms and Interpretation of China's Regulatory Policies
-
2
PUNDIX Coin Value Analysis: Current Status and Investment Considerations for Pundi X Token
-
3
Cryptocurrency Buyback and Burn Mechanism: A Multi-faceted Benefit Analysis
-
4
Microsoft, Amazon, Google, and Meta are facing cash flow pressure due to AI investments, with Amazon and Alphabet shares falling sharply.
-
5
What is AAVE? An In-depth Analysis of Its Lending Protocol and Tokenomics
-
6
What is ATLAS? An Analysis of the Star Atlas Game Token and Trading Channels for the Project of the Same Name
-
7
Chainalysis: Binance Hackers Deployed Unprecedented Money Laundering Tactics, Rapidly Converting $6.3 Billion in Stolen Funds
-
8
An Analysis of Potential Issues in the Operation of China's Digital Yuan
-
9
What is ELTCOIN? Project Positioning and Market Status
-
10
StrongHands (SHND) Coin Analysis: Project Status, Market Performance, and Trading Risks
Markets Today
Recommended Reading









