Senior Fed officials weigh in on potential rate cut
Bullard, Brainard, Clarida and Kashkari highlight strengthened case for cuts, while Kaplan warns on financial stability implications
Following the first dissent under Jerome Powell’s chairmanship of the Federal Reserve, some senior policy-makers have increased their signalling of an upcoming rate cut.
The dissent came from St Louis Fed president James Bullard. He argued a cut would “provide insurance against further declines in expected inflation and a slowing economy”, in a statement following the June 19 Federal Open Market Committee meeting.
“Even if a sharper-than-expected slowdown does not materialise, a rate cut would
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