24-hour global political and economic news overview | January 10
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Support the Fed's December rate cut, which is the last step in the policy recalibration phase
According to foreign media, Federal Reserve Board Governor Bowman said she believes that inflation risks still exist and policymakers should act cautiously when further cutting interest rates. She supported the Fed’s December rate cut because she viewed it as the “final step in the policy recalibration phase” by officials and could have supported not taking action at that meeting.
In addition, Boston Fed President Collins said she is inclined to nigeria telegram data continue cutting interest rates through 2025, but the magnitude of the cuts would be smaller than expected a few months ago due to strong employment data and persistent inflation.
Kansas City Fed President Schmid said interest rates are likely very close to their longer-run neutral level. He favors gradual rate cuts if economic data improves.
Philadelphia Fed President Patrick Harker said he was ready to support further rate cuts in 2025, but the timing of the action would depend on the economic situation. There is uncertainty about the neutral interest rate and we should be cautious about it.