US Edition'Inflation Remains Too high.' Two Fed Dissenters Who Rejected Latest Interest-Rate Cut Explain Why
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'Inflation remains too high.' Two Fed dissenters who rejected latest interest-rate cut explain why
By Jeffry Bartash The Fed could have waited for delayed economic reports on inflation and employment, Goolsbee says Top officials at the Federal Reserve are not in agreement about how to help the economy. Two top Federal Reserve officials who voted against cutting U.S. interest rates this week…
Reading time approx.: 1 minutes, 55 secondsYour vote against the last cut in fees of the year marked your first dissent since you joined the central bank in 2023.He aligned his verdict with that of the president of the Kansas City Fed, Jeff Schmid, who voted against the previous cut, in October, and presented another dissent about the policy decision this week.The president of the Chicago Federal Reserve Bank, Austan Goolsbee, said he disagreed …
Fed's Goolsbee, Schmid lay out case for interest rate pause
Kansas City Federal Reserve President Jeffrey Schmid and Chicago Fed President Austan Goolsbee said in statements Friday that their dissents from this week's interest rate decision were spurred by inflation concerns and a lack of sufficient economic data.
Fed’s Goolsbee "Optimistic" About More Rate Cuts Next Year Despite FOMC Dissent
Chicago Fed President Austan Goolsbee has indicated that he is open to supporting more rate cuts next year. He also explained why he dissented against a Fed rate cut at this week’s FOMC meeting, citing concerns about inflation and the need for it to fall further. Goolsbee Says He Is “Optimistic” About More Fed Rate The post Fed’s Goolsbee “Optimistic” About More Rate Cuts Next Year Despite FOMC Dissent appeared first on CoinGape.
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