Federal Reserve Officials Affirm Policy Independence, Signal No January Rate Cut

On Jan. 15, multiple Federal Reserve officials said interest rates are likely to remain unchanged at the late-January Federal Open Market Committee meeting and reaffirmed the Fed’s policy independence, BlockBeats reported. Officials including Neel Kashkari, Austan Goolsbee, Raphael Bostic, and John Williams cited a resilient economy and elevated inflation, stressing data-driven decisions despite a DOJ subpoena tied to Fed renovations. Most said policy must remain restrictive to reach the 2% inflation target, with markets largely pricing rate cuts after June.