Federal Reserve officials express caution on rate cuts, emphasizing inflation risks
According to ChainCatcher, citing Jinse Finance, four Federal Reserve officials have expressed concerns about the possibility of a rate cut this week and another cut in December. Kansas City Fed President Schmid opposed a 25 basis point rate cut, citing concerns about sticky inflation. Cleveland Fed President Harker and Dallas Fed President Logan also indicated that they would oppose a rate cut if they had voting rights, with Harker emphasizing the need to maintain restrictive policy to curb inflation. Atlanta Fed President Bostic supports a rate cut but pointed out that it is necessary to ensure the policy stance remains relatively tight.
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