Two Senior FED Members Speak About Future Interest Rate Policy

In their latest statements, FED members Mary Daly and Austan Goolsbee gave striking messages about the interest rate cut process, the fight against inflation, and the employment ￰0￱ officials emphasized “maintaining balance” despite economic ￰1￱ Francisco Fed President Mary Daly stated in her speech that inflation is still above target and emphasized the importance of reducing price pressures without harming employment. “Inflation is still above target and needs to be brought down. However, we must reduce this pressure by protecting employment,” he ￰2￱ that he previously supported the interest rate cut decision, Daly said, “The interest rate cuts were appropriate, and a 50 basis point cut put us in a more advantageous position this year.” He also stated that he was open to a new interest rate step at the December meeting, saying, “A decision needs to be taken to balance the risks.” Daly rejected claims that the Fed was divided, saying, “The Fed is no more divided than it used to be, and I wouldn't even use the word 'divided.'” Stating that they can make decisions despite the lack of data, Daly said, “Government data is not our only source, it is possible to make decisions even if we have less information.” Related News: BREAKING: Coinbase Announces It Will List a New Altcoin Amidst the Downturn Chicago Fed President Austan Goolsbee also struck a cautious tone in his statements, stating that the economy is generally strong, but weaknesses are seen in some sectors.

“The economy is generally strong, but there are weaknesses in some ￰3￱ remains a concern,” he ￰4￱ argued that interest rates should be gradually reduced as inflation falls, saying, “Cutting interest rates is the best option as inflation declines.” However, he also warned that a premature rate cut could be risky: “I'm uneasy about an earlier-than-expected rate cut.” Addressing the labor market, Goolsbee said, “Low hiring and low layoff rates are a rare economic phenomenon,” highlighting imbalances in the labor ￰5￱ also stated, “Concerns about inflation outweigh risks to the labor market.” *This is not investment ￰6￱ Reading: Two Senior FED Members Speak About Future Interest Rate Policy