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Federal Reserve Hack: Can't explicitly support 25 or 50 basis point rate cuts, as long as the data is not unexpected, it needs to start the process
Mr. Harker said it was impossible to say whether to support a 25 basis point or 50 basis point rate cut, that more data was needed and would not comment on the market's pricing of the Fed's actions, which were more important than their magnitude. He would support a rate cut in September as long as the data met his expectations. Harker said in an interview, "For me, between now and then...
2024-08-22 22:29:31
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