Former Fed "Eagle King": Inflation will slow, allowing the Fed to cut interest rates further

Inflation will slow significantly this year, allowing the Federal Reserve to keep cutting interest rates, according to former St. Louis Fed President Brad. Brad said it looks like the Fed is on track to cut rates two more times this year, by 25 basis points each. Fed officials were expecting two rate cuts in December. "I don't really see anything that's going to stop them from doing that," he said. Still, Brad said another rate cut in March appears premature. "I don't think there's likely to be a rate cut in March as things stand," he said. He said the Fed could use its March meeting to prepare for a "late spring" rate cut. He said that the Federal Reserve's policy actions depend on further progress in inflation.