Fed Governor Stephen Miran made important evaluations regarding current economic conditions and interest rate cuts at an event organized by CNBC.
Miran stated, "There is currently more downside risk than there was a week ago, and I think as policymakers, we need to acknowledge that this should be reflected in policy." These statements are being closely monitored by investors in light of the effects of trade uncertainty.
Miran noted that uncertainties in trade policies between China and the US have created a new 'tail risk,' stating, "I can't say that I want lower interest rates than a week or a month ago. However, with the change in the balance of risks, I think it has become even more urgent for us to quickly reach a more neutral position in policy."
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