Reported 1 day ago
Fed officials remain divided on interest rate cuts as a government shutdown hampers access to crucial economic data. While some, like new governor Stephen Miran, advocate for more significant reductions citing risks to the economy, others, such as Kansas City Fed president Jeff Schmid, emphasize the need to focus on controlling inflation. The ongoing debate reflects concerns over job market dynamics and rising prices, as policymakers navigate the complexities of monetary policy without comprehensive data.
Source: YAHOO