(Bloomberg) -- A handful of Federal Reserve officials on Monday left open the door to additional large interest-rate cuts, noting that current rates still...
-- A handful of Federal Reserve officials on Monday left open the door to additional large interest-rate cuts, noting that current rates still weigh heavily on the US economy.Belfast’s Grand Central Station Creates New Era for Northern Ireland’s Public Transport
Goolsbee, who sounded more strident than other officials in calling for lower borrowing costs, emphasized that employment conditions and inflation were each at favorable levels, but wouldn’t remain so unless the Fed lowered rates “significantly” in the coming months. “I don’t know anyone who would plausibly argue with the notion that we are a fair distance above it,” he said during a virtual event organized by the European Economics and Financial Centre.
“The longer this economic resilience continues, the more signal I take that the temporary elevation of the neutral rate might in fact be more structural,” Kashkari wrote. His views contrasted with Governor Michelle Bowman, who said Friday she voted against the decision because she remains concerned about above-target inflation. Bowman became the first Fed governor to dissent against an interest-rate move since 2005.Goolsbee underlined his argument by cautioning that when labor markets deteriorate, they do so more quickly than central bankers can deliver relief through rate cuts.
Former Southern California football star Reggie Bush has filed a lawsuit against his school, the NCAA and the Pac-12 in a bid to recoup money made on his name, image and likeness during his career with the Trojans two decades ago.
Exclusive: Ministers have lost patience with the UK’s top civil servant Simon Case and one accused him of ‘poisoning the well of government’ with off-record briefingsA “disturbance” forming in the Caribbean Sea had the potential to become a major hurricane before making landfall in the southeastern US, the National Hurricane Center warned.
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