August 23, 2024 at 07:22PM
Almost everyone on the committee thinks inflation is coming down and that there will be multiple cuts over calendar 2024 and 2025
Speed and size of cuts to be determined by economic data
Neutral rates are ‘far from where we are’
There is some question on the strength of the consumer, that said if you look at the spending data, it’s been fairly robust
He’s been talking all day, nothing new here.
This article was written by Adam Button at www.forexlive.com.
Goolsbee: The size of Fed cuts isn’t important it’s the path