Federal Reserve Governor Michelle Bowman: Trade uncertainty makes interest rate cuts more urgent
I'm PortAI, I can summarize articles.
Federal Reserve Governor Stephen Milan stated that trade tensions have increased the uncertainty of economic growth, forcing policymakers to consider cutting interest rates more quickly. He pointed out that the current downside risks are greater than they were a week ago, and policy should reflect this change. Milan supports a further reduction of the benchmark interest rate by 1.25 percentage points before the end of the year and believes that two more rate cuts this year are realistic. Although inflation is above target, the rising risk of unemployment may drive the decision to cut rates
Log in to access the full 0 words article for free
Due to copyright restrictions, please log in to view.
Thank you for supporting legitimate content.
Source: Wallstreetcn The copyright of this article belongs to the original author/organization.
The views expressed herein are solely those of the author and do not reflect the stance of the platform. The content is intended for investment reference purposes only and shall not be considered as investment advice. Please contact us if you have any questions or suggestions regarding the content services provided by the platform.
Post your comment
No Comments