Fed Risks a Recession if It Doesn’t Cut Rates Rapidly, a Top Official Warns

Stephen I. Miran, the newest member of the central bank’s Board of Governors, thinks some of his colleagues are too worried about inflation.
The Manila Times

US Fed official backed rate pause because inflation 'too high'

A senior member of the US Federal Reserve (Fed) on Friday said he voted against cutting interest rates this week because inflation was “too high” for comfort.

Fed Hawks Press Case for No Rate Cuts, This Week and in December

On Wednesday, after the Fed's policy-setting committee voted 10-2 to lower its benchmark interest rate to the 3.75%-4.00% ...

Fed official warns inflation is still too high for more rate cuts

Kansas City Fed President Jeffrey Schmid has been saying since the summer that inflation is too high. You’re probably one of the millions of Americans who agrees with him. And while some Federal ...

Yen faces worst monthly drop since July as BOJ disappoints

The Japanese yen was heading for a monthly loss against the U.S. dollar on Friday after the Bank of Japan disappointed traders hoping for a more hawkish stance on future rate hikes, while the Federal ...