Federal Reserve's Hamak: Rate cuts could prolong high inflation.
Fed's Harker stated that rate cuts may prolong high inflation. Rate cuts may also encourage risk-taking behavior in financial markets. Banks currently have adequate capital. Cutting rates now may distort market pricing levels. (Jin10)
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Ripple CEO Slams JPMorgan for “Misrepresenting” the CLARITY Act
XRP hits an 8-month low, and extreme pessimism may signal a recovery.
MemeCore & TAO Stagnate! While BlockDAG’s $0.05 Buyback Loop Is Crushing the Competition!
What Will Happen to XRP In Ripple Escrow Once CLARITY Act Is Signed Into Law
Trending news
MoreCrypto prices
More
