BlockBeats News, November 17th: Once again, Federal Reserve officials have sent a strong hawkish signal. Mester stated that it is difficult to support a rate cut in December, as providing more preemptive support to the labor market through a rate cut is not appropriate. Bullard commented that further rate cuts may have a lasting impact on inflation, and his concerns about inflation go far beyond tariff issues.
Federal Reserve Governor Brainard, on the other hand, supported a rate cut: The data supports a rate cut, and the Fed should be more dovish.
