Central Banks
Top Fed Officials Bolster Case for Patient Stance on Rate Cuts
- Vice Chair Jefferson says too much easing could stall progress
- Governor Cook says she wants more evidence of disinflation
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Three top Federal Reserve officials hammered home the message Thursday that the US central bank is still on track to cut interest rates this year — just not anytime soon.
Fed Vice Chair Philip Jefferson and Governor Lisa Cook said they’re optimistic inflation is still cooling despite a blip in January, but made clear they want more evidence it’s headed back to their 2% target before lowering borrowing costs.