Reported 6 months ago
Federal Reserve officials, including Dallas Fed President Lorie Logan and New York Fed President John Williams, believe that inflation will decrease this year while the labor market remains strong, indicating no urgency to lower the current policy rate of 5.25%-5.5%. They emphasize the importance of flexibility in monetary policy, with Logan cautioning against locking into a specific path. Meanwhile, Williams notes that while there is evidence of restrictive monetary policy aiding in lowering inflation to the Fed's 2% target, there is no immediate need to cut rates, with the timing uncertain. The Fed officials are expected to maintain current rates at the upcoming meeting in two weeks as they monitor economic data.
Source: YAHOO