US central bank execs see more rate cuts

By Reuters

Oct 09, 2024 12:37 am

FEDERAL Reserve (Fed) Governor Adriana Kugler said on Tuesday she strongly supported the US central bank's recent interest rate cut and would support further reductions if inflation continued to ease, which she expects.

This came as Federal Reserve Bank of New York President John Williams said that it would be appropriate again for the US central bank to reduce rates 'over time,' after September's big half percentage point rate cut, in an interview published by the Financial Times (FT) on Tuesday.

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