Odaily Planet Daily News Some senior officials of the Federal Reserve are also concerned about the fact that inflation has not been defeated. Federal Reserve Director Bowman explained in a statement that such a dramatic first interest rate cut may unnecessarily restore inflationary pressures. It is reported that Bowman was the only member of the Federal Reserve who voted against a rate cut last week. As of Tuesday, inflation swaps and US Treasury inflation-protected securities both indicate that inflation may hover above the Federal Reserve’s 2% target in the coming years, even if only moderately. (Jin Shi)
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Governador do Fed, Bowman: Primeira redução dramática da taxa de juros pode restaurar pressões inflacionárias de forma desnecessária
Odaily Planet Daily News Some senior officials of the Federal Reserve are also concerned about the fact that inflation has not been defeated. Federal Reserve Director Bowman explained in a statement that such a dramatic first interest rate cut may unnecessarily restore inflationary pressures. It is reported that Bowman was the only member of the Federal Reserve who voted against a rate cut last week. As of Tuesday, inflation swaps and US Treasury inflation-protected securities both indicate that inflation may hover above the Federal Reserve’s 2% target in the coming years, even if only moderately. (Jin Shi)