Saturday, June 22, 2024

A former member of the US Federal Reserve gives his opinion on the upcoming interest rate decision!


© Reuters A former US Federal Reserve member gives his take on the upcoming interest rate decision! – Former Dallas Fed member Robert Kaplan, in an interview early Tuesday, supported a pause at this week’s Fed meeting, adding that he wanted to leave the door open to raising interest rates in the future.

Eric Rosengren, a former Boston Fed member, echoed the sentiment, as he made some comments and clarified his expectations for the upcoming US Federal Reserve interest rate decision during next Wednesday’s meeting, expecting the central bank to skip the meeting.

However, he indicated that he expects a hawkish tone for the US Federal Reserve’s monetary policy statement on its next move at the next meeting of the Monetary Policy Committee in late July.

Similarly, US Federal Reserve member Philip Jefferson advocated temporarily halting the cycle of raising interest rates at the next meeting, saying the temporary pause does not mean interest rates have peaked, saying higher interest rates could increase pressure on banking institutions, particularly those with long-term assets and high uninsured ratios of total deposits. having deposits.

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Nadia Barnett
Nadia Barnett
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