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Fed’s Logan: Fed's next rate move could be cut or hike
Lorie Logan, President of the Federal Reserve (Fed) Bank of Dallas, spoke at the Bank of Dallas, claiming that the Fed should not have give guidance that implies easing right now. She also added that the next rate move could be a cut or a hike.Fxstreet
Fri, May 1
ECB's Makhlouf: Concerned about higher-for-longer energy price scenario
European Central Bank (ECB) Governing Council member Gabriel Makhlouf said on Friday that without a clear timeline for the end of the conflict in the Middle East, he is concerned about a "higher-for-longer" energy price scenario, per Reuters.
Fxstreet
Fri, May 1
Fed's Hammack: Uncertainty around economy, policy path has risen
In a statement published on Friday, Federal Reserve Bank of Cleveland President Beth Hammack explained her decision to dissent against the Fed keeping an easing bias in the policy statement, saying that a "clear easing bias" is no longer appropriate given the current outlook.Fxstreet
Fri, May 1
Fed's Kashkari: Large enough price shock could require series of rate hikes
Minneapolis Federal Reserve President Neel Kashkari explained on Friday that he dissented at the April policy meeting because the uncertainty around the Strait of Hormuz means the Fed should acknowledge the risk of rate hikes in its statement.Fxstreet
Fri, May 1
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