In the interview, Barkin said a key factor in his support was the relatively modest path
WASHINGTON — The president of the Federal Reserve’s Richmond branch says he supports reducing the central bank’s key interest rate “somewhat” from its current level but isn’t yet ready for the Fed to fully take its foot off the economy’s brakes.
highlighting recent solid reports on retail sales, unemployment claims, and growth in the April-June quarter, which reached a healthy 3%. Barkin’s caution stands in contrast to some of his fellow Fed policymakers who have expressed more urgency about rate cuts. Fed Governor Adriana Kugler on Wednesday said she “strongly supported” the Fed’s larger-than-usual half-point rate cut last week, from a two-decade high of 5.3%, and added that she would support “additional cuts” as long as inflation continues to decline.
پاکستان تازہ ترین خبریں, پاکستان عنوانات
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