News list for " too late"
Some participants emphasized that reducing policy restrictions too late or too little could risk unduly weakening economic activity and employment. Some participants highlighted the costs and challenges of addressing the weakening once it had fully begun. However, several participants said that reducing policy restrictions too early or too much could cause progress in the fight against inflation to stall or reverse. Some participants noted that uncertainty about the level of the long-term neutra...
The weak July non-farm payrolls report has heightened market concerns that the Federal Reserve is cutting interest rates too late, but policymakers are unlikely to cut rates by 50 basis points in September, as a very large cut could be seen as a warning sign. Goolsbee, president of the Chicago Fed, said "we don't want to overreact to any one month's data". In addition, many economists who closely follow the Fed immediately refuted the idea of a 50 basis point cut. Gregory Da, chief economist at ...
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