'Inflation remains too high.' Two Fed dissenters who rejected latest interest-rate cut explain why
From morningstar.com
Two top Federal Reserve officials who voted against cutting U.S. interest rates this week said inflation remains too high and the central bank should have waited for more evidence that price increases are slowing. One of the two dissenters, Chicago Federal Reserve Bank President Austan Goolsbee, had voted in favor of rate cuts at the bank's previous two meetings. "While I voted to lower rates at the September and October meetings, I believe we should have waited to get more data, especially about inflation, before lowering rates further," Goolsbee said Friday. The other dissenter, Kanas City Fed chief Jeffrey ...
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