Reported about 8 hours ago
Former Federal Reserve Bank of Kansas City President Esther George spoke about the current economic landscape and the Fed's approach to managing interest rates amidst growth concerns and inflation. At their March FOMC meeting, the Fed chose to maintain steady interest rates while signaling potential cuts in 2025, amid uncertainties influenced by tariffs and consumer confidence. George emphasized the importance of differentiating between 'hard' and 'soft' economic data as they gauge future policy decisions, highlighting that the degree of economic slowdown will be crucial in determining their actions going forward.
Source: YAHOO