Fed's Hammack: It may be time for the Fed to slow down its rate cuts
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Odaily Odaily News: Federal Reserve's Hammack said on Friday that it may be time for the Federal Reserve to slow down the pace of interest rate cuts. She believes that the Fed's policy rate may not be much higher than the neutral level. Hammack pointed out that financial markets expect the Fed to cut interest rates only once in the next two meetings, and said that this expectation is consistent with her views. She said that inflation, economic growth and the labor market are still stronger than the Fed expected in September. Hammack's speech is one of the clearest hints in recent speeches by Federal Reserve officials, suggesting that the Fed's policy stance may no longer be very determined to cool inflation and economic growth.
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