Reported about 2 months ago
Two Federal Reserve officials have indicated that it is appropriate for the US central bank to start lowering interest rates soon, advocating for a gradual and methodical pace for future cuts. Boston Fed President Susan Collins and Philadelphia Fed Chief Patrick Harker both emphasized the need to act carefully to maintain a healthy labor market while continuing to bring inflation down. Despite recent data suggesting a cooling economy, they remain confident about the overall stability, welcoming the opportunity to adjust policies in upcoming meetings.
Source: YAHOO