CHARLOTTESVILLE, Virginia — Two Federal Reserve (Fed) governors on Wednesday laid out competing visions of where US monetary policy may be heading, with one citing ongoing concerns about inflation and another expressing confidence that price pressures will continue to ease.
CHARLOTTESVILLE, Virginia — Two Fed eral Reserve governors on Wednesday laid out competing visions of where US monetary policy may be heading, with one citing ongoing concerns about inflation and another expressing confidence that price pressures will continue to ease.
But she dissented against the half-percentage-point cut approved by the Fed in September, favoring a smaller quarter-percentage-point reduction, and said the central bank should be wary of cutting rates too far, too fast, and allowing inflation to resurge.Cook, in remarks at the University of Virginia in Charlottesville, did not explicitly endorse a rate cut next month, and included the usual policymaker caveats that monetary policy was not on a predetermined course.
Officials Stake Out Competing Policy Views
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