Even if there are limits to the extent of the Fed rate cut, if price pressures remain sticky, according to the Federal Reserve Bank of Richmond President.

October 3, 2024, 7:23 AM GMT+9 (excerpt).

Richmond Federal Reserve Bank President Barkin said on the 2nd that it may take longer than expected for the U.S. inflation rate to return to the Federal Reserve Board (FRB)'s target of 2%, and there is a possibility that the FRB may be limited in how much it can cut interest rates.
President Barkin supported the 0.50% rate cut decided at the September meeting and agreed with the view that considering the decrease in inflation, there may be a further cut of about 0.50% points by the end of the year.