Reported about 9 hours ago
Three Federal Reserve officials expressed disagreement with the decision to cut interest rates, arguing that the Fed is responding too soon to inflation concerns. While the rate cut aims to preserve jobs amid ongoing trade uncertainties and sluggish growth, officials like Beth Hammack and Lorie Logan emphasize that inflation remains significantly above the Fed's 2% target, creating a complex dilemma between fostering employment and maintaining price stability.
Source: YAHOO