Odaily planet news, the Federal Reserve's Bullard said that the primary task of the Federal Reserve is to bring the inflation rate back to 2%. The Federal Reserve must be cautious about the first rate cut, which may need to be later to avoid triggering "repressed prosperity" in investment and other expenditures. It is better to wait for a longer rate cut to ensure that inflation does not start to rebound. (Jinshi)
View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
Odaily planet news, the Federal Reserve's Bullard said that the primary task of the Federal Reserve is to bring the inflation rate back to 2%. The Federal Reserve must be cautious about the first rate cut, which may need to be later to avoid triggering "repressed prosperity" in investment and other expenditures. It is better to wait for a longer rate cut to ensure that inflation does not start to rebound. (Jinshi)