PANews reported on November 22 that, according to Jinshi News, Federal Reserve Chair Collins stated that given the continued risks to both inflation and employment objectives, she remains inclined to oppose a rate cut by the Fed next month. Collins said during a conference, "I do think caution is needed regarding a rate cut at the December FOMC meeting. After a cumulative 50 basis point cuts in September and October, I personally believe that current policy is in a moderately tightening range, which is appropriate for the current economic situation."PANews reported on November 22 that, according to Jinshi News, Federal Reserve Chair Collins stated that given the continued risks to both inflation and employment objectives, she remains inclined to oppose a rate cut by the Fed next month. Collins said during a conference, "I do think caution is needed regarding a rate cut at the December FOMC meeting. After a cumulative 50 basis point cuts in September and October, I personally believe that current policy is in a moderately tightening range, which is appropriate for the current economic situation."
Federal Reserve's Collins: After a combined 50 basis point rate cuts in September and October, current policy is in a moderately tightening range.
PANews reported on November 22 that, according to Jinshi News, Federal Reserve Chair Collins stated that given the continued risks to both inflation and employment objectives, she remains inclined to oppose a rate cut by the Fed next month. Collins said during a conference, "I do think caution is needed regarding a rate cut at the December FOMC meeting. After a cumulative 50 basis point cuts in September and October, I personally believe that current policy is in a moderately tightening range, which is appropriate for the current economic situation."
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