Fed Governor Waller: slower pace of rate cuts starting in June still the right thing to do
Fed Governor Waller: At this week's meeting, I favoured continuing the current pace of balance sheet reduction. As we inch closer to an adequate level of reserves, a slowdown or cessation of reductions would be appropriate. I believe that a slower pace of interest rate reductions, starting in June 2024, is still the right choice.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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