Post #489 by PucksFool on the Macroeconomic Trends and Risks board

Personal Finance Topics / Macroeconomic Trends and Risks ❤

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https://finance.yahoo.com/news/fed-rate-cut-dissen...

The lone dissenter to the Federal Reserve’s rate cut this week said she voted against the move because “there is more work to do on inflation,” noting that she preferred to pause given the strength of the US economy.

"Based on my estimate that monetary policy is not far from a neutral stance, I prefer to hold policy steady until we see further evidence that inflation is resuming its path to our 2% objective," said Beth Hammack, the president of the Cleveland Fed, in a new statement Friday.

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