Express
Former Federal Reserve Governor: If Labor Market Doesn't Deteriorate, Fed May Not Cut Rates in September
Summary: According to data from FXStreet, former Federal Reserve Governor Larry Meyer wrote after this week's Fed meeting that Powell's remarks implied that if things continue to develop as they are now (including a crucial point that the labor market doesn't deteriorate), the FOMC is likely to hold steady in September. At the same time, Powell ...
According to data from FXStreet, former Federal Reserve Governor Larry Meyer wrote after this week's Fed meeting that Powell's remarks implied that if things continue to develop as they are now (including a crucial point that the labor market doesn't deteriorate), the FOMC is likely to hold steady in September. At the same time, Powell does not seem averse to cutting rates, as long as future data and outlook indicate sufficient reason to do so, the FOMC will take action to cut rates.
Tags:
Link: Former Federal Reserve Governor: If Labor Market Doesn't Deteriorate, Fed May Not Cut Rates in September [Copy]
