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Cleveland Fed President Mark Hammarck dissented at the third Fed meeting, where she only participated in decision-making. She opposed the idea that interest rates had to be cut due to market expectations at the time, and said her objection was supported by Powell and other colleagues. Click to view > >
The Federal Reserve Harmack said Friday that it may be time for the Fed to slow the pace of interest rate cuts. She believes the Fed's policy rate may not be much higher than neutral. Harmack noted that financial marekt expects the Fed to cut rates only once in the next two meetings and said that expectation is in line with her view. She said inflation, economic growth and the labor market remain stronger than the Fed expected in September. Harmack's remarks were the clearest hint in recent Fed ...
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