FOMC "Gradual rate cuts desirable", patience is appropriate - St. Louis Federal Reserve President
October 8, 2024 8:38 JST (excerpt)
President Muzalim supports the 0.5 percentage point rate cut decision at the September FOMC meeting.
Assuming a trajectory of slightly higher interest rates than the median in the 'Economic Outlook Summary'.
On the 7th, James Musalem, President of the Federal Reserve Bank of St. Louis, expressed support for a 0.5-point rate cut decision at the September Federal Open Market Committee (FOMC) meeting, while emphasizing that further cuts should be gradual.
President Musalem stated that he is assuming a trajectory of slightly higher interest rates than the median in the FOMC's 'Economic Outlook Summary' released last month, while also mentioning that he does not speculate on the extent or pace of future interest rate changes.
President Muzalim supports the 0.5 percentage point rate cut decision at the September FOMC meeting.
Assuming a trajectory of slightly higher interest rates than the median in the 'Economic Outlook Summary'.
On the 7th, James Musalem, President of the Federal Reserve Bank of St. Louis, expressed support for a 0.5-point rate cut decision at the September Federal Open Market Committee (FOMC) meeting, while emphasizing that further cuts should be gradual.
President Musalem stated that he is assuming a trajectory of slightly higher interest rates than the median in the FOMC's 'Economic Outlook Summary' released last month, while also mentioning that he does not speculate on the extent or pace of future interest rate changes.
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