Reported about 2 months ago
At the Kansas City Fed's Economic Symposium, former Fed Vice Chair Alan Blinder discussed the Federal Reserve's monetary policy, suggesting a potential 25-basis-point rate cut in September. He cautioned that the labor market should not cool too much, as rising unemployment could lead to recession. Blinder believes the Fed is behind the curve but still has room to adjust its approach, with a possibility of three rate cuts by the end of 2024.
Source: YAHOO