Fed's Balkin: 25 bps rate cut doesn't matter either way, question is when to change the narrative
Fed's Balkin said he was sure the Fed would discuss at its July policy meeting whether it was still appropriate to characterize inflation as high, and that a 25-basis-point cut in interest rates was irrelevant in any case; the question was when to change the narrative. The best way to maintain credibility is to do the right thing at the right time.
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.
You may also like
Health Catalyst grants CEO Simeon Kohl 2,747,385 inducement RSUs under 2026 plan
Guardant Health CIO Kumud Kalia disposes of 4,000 common shares worth $632,193.20
Graco director Steven B. Hedlund files initial beneficial ownership statement
CenterPoint Energy Reports Cybersecurity Incident Involving Customer Data