Svmuureports that Federal Reserve's Hammack stated that the Fed's signal regarding a rate cut as the next move is misleading. High inflation is forcing more people to make trade-offs, and cutting rates more than reasonably necessary would push inflation higher. The Fed strives to maintain political neutrality. Powell has performed exceptionally well at the Fed, and Hammack expressed 'excitement' about the arrival of Fed chair nominee Warsh. (Jinshi)