Fed board members pledge caution in cutting rates
Governors say unemployment and inflation risks are roughly in balance
Three governors of the US Federal Reserve signalled this week that rate cuts would come at a slower pace than they had previously envisaged.
In a speech on January 8 at the Organisation for Economic Co-operation and Development (OECD) in Paris, Christopher Waller said his baseline expectation was that there would be further rate cuts this year.
“The pace of those cuts will depend on how much progress we make on inflation, while keeping the labour market from weakening,” he said. The governor added
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