Reported about 1 month ago
Recent discussions among Federal Reserve policymakers reveal a consensus on the necessity for interest rate cuts, attributed to varied concerns such as inflation, labor market trends, and economic conditions. Fed Chair Jerome Powell's call for action has gained traction, as most officials acknowledge signs of easing inflation and the need for a careful approach to rate adjustments. Some members still express caution, awaiting further evidence of economic slowdown, while others advocate for a more immediate reduction to prevent potential damage to the job market.
Source: YAHOO