"The Fed's mouthpiece": A policy turning point has emerged, and the Fed has begun discussing the possibility of raising interest rates again.

CoinFeed reported on May 2nd that, according to the Wall Street Journal, Nick Timiraos, a vocal advocate for the Federal Reserve, wrote that three regional Fed presidents—Lorie Logan of Dallas, Neel Kashkari of Minneapolis, and another—opposed retaining the phrase "the next step is more likely to be a rate cut" in this week's policy meeting. They believe the next rate adjustment could be either a rate hike or a rate cut. Outgoing Fed Chairman Jerome Powell stated that the committee is gradually shifting from a "rate-cutting bias" to a "neutral stance," adding that if a rate hike is needed in the future, the Fed will first shift to a neutral stance before signaling a rate hike. Timiraos's analysis suggests that the Fed's internal discussions on the interest rate path have shifted significantly; the main debate is no longer about when to resume rate cuts, but rather about under what conditions a rate hike might be necessary.