Another Fed official released a moderate signal increase or further decline in interest rate expectations. Wen

On 14 August, Federal Reserve Chairman Goulsby stated that the latest inflation data had improved and that it was hoped that the impact of tariffs and oil prices would gradually recede and that the economy would be able to get back on track towards the 2 per cent inflation target. Goulsby's statements show that he is closer to the relatively mild end than the current Eagle camp within the Fed. His views on the drivers of tariffs and oil prices echoed the remarks made on the same day by the Chairman of the Richmond Fed, Barkin. Balkin states that the current high inflation reflects, to a large extent, shocks such as tariffs, oil prices and artificial intelligence-related demand, which he expects will eventually recede, and that the Fed “many” believes that the current level of interest rates is sufficiently tight to contain inflation. Gulsby's remarks added a third data point to the policy discussion this week, and the positions of both sides stand in stark contrast to those of the Chairman of the Cleveland Federal Reserve, Hammark. Hamak, the current polling commission, voted against the maintenance of interest rates at the July meeting, supported an immediate increase in interest rates and continued to state that position this week. Gulsby is next year's polling commission. Kim Xian