No Evidence of Fed Official "Hamak" Found

Key Points:* Investigation shows no record of Fed official “Hamak” or statement.

• No verified sources support PANews’ report claims.
• Official statements focus on vigilance for financial stability risks. On November 20, 2025, PANews attributed a statement to a nonexistent Federal Reserve official, “Hamak,” about interest rate cuts and financial risks, unsupported by verified sources.

The unverified statement highlights the importance of relying on credible sources for accurate financial information, emphasizing potential misinformation risks in cryptocurrency and broader financial markets.

No Evidence of Fed Official “Hamak” Found

PANews reported that a Federal Reserve official named Hamak suggested interest rate cuts may prolong high inflation. No confirmation of a Fed official by this name exists. The Federal Reserve Board, FOMC, or regional banks have no recent records of an official named Hamak.

Reports indicating interest rate cuts might prolong inflation also suggest such measures could encourage risky financial behavior. However, no Federal Reserve release, verified Twitter account, or press statement confirms this information.

“While inflation remains somewhat elevated, the Committee will continue to assess incoming data and risks to both sides of our mandate. Further rate cuts may be appropriate, but we remain vigilant about the potential for financial stability risks.” – Federal Reserve Press Release, October 29, 2025.

Market reactions to this alleged statement are negligible. Prominent figures in the financial community, including KOLs and analysts, have not commented on the unverifiable claim or its potential effects on markets.

Bitcoin Stands at $91,587.74 Amidst Speculative Reports

Did you know? Previous comments about rate cuts leading to risky market behavior have been linked to warnings by former Fed officials, emphasizing caution in monetary policy.

CoinMarketCap reports Bitcoin (BTC) at $91,587.74 with a market cap of $1.83 trillion, holding a 58.58% dominance. The 24-hour trading volume rose 17.75%. Over 90 days, BTC declined 18.64%. Data is updated as of 13:49 UTC on November 20, 2025.

Bitcoin(BTC), daily chart, screenshot on CoinMarketCap at 13:49 UTC on November 20, 2025. Source: CoinMarketCap Expert analysis from Coincu indicates financial caution must be exercised when interpreting unverified claims like these. Historical trends highlight the dangers of speculative market actions following baseless reports, as also discussed in the Financial Stability Report by the Federal Reserve.