US Fed Officials Favor To Hike Rates Over 6%, Is Bitcoin Crash Imminent?
Inflation and a tight job market may push US Federal Reserve to continue hiking rates. Fed Chair Jerome Powell’s speech last week failed to give a clear direction. Moreover, Dallas Fed President Lorie Logan, Fed Governor Philip Jefferson, New York Fed President John Williams, Federal Reserve Board Governor Michelle Bowman, and others agree with raising interest rates further. advertisement US Fed to Likely Raise Interest Rates Over 6% Federal Reserve Bank of St. Louis President James Bullard on May 22 said the central bank will need to raise interest rate s twice this year before a pivot. The Federal Open Market Committee has raised rates aggressively to a range of 5% to 5.25%. Meanwhile, Minneapolis Fed President Neel Kashkari also believes raising interest rate s over 6% to curb inflation. He said even if Fed skip the rate hike in June, it shouldn’t be considered as a pause or a pivot as inflation has not reached the target. “I think right no...