Senior Federal Reserve officials Mary Daly and Austan Goolsbee have expressed differing views on future interest rate policies. Daly highlighted the importance of reducing inflation while maintaining employment levels, suggesting that a 50 basis point cut earlier this year was justified and hinting at a potential new rate decision in December. She also refuted claims of internal division within the Fed.
Conversely, Goolsbee acknowledged the economy's overall strength but pointed out sectoral weaknesses. He cautioned against premature rate cuts, emphasizing that inflation concerns currently outweigh risks to the labor market.
Senior FED Officials Weigh in on Interest Rate Cuts and Inflation
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