Former Federal Reserve governor: If the labor market does not deteriorate, the Federal Reserve may not cut interest rates in September
2025-08-01 03:54:07
Former Fed Governor Larry Meyer wrote after the Fed's meeting this week that the implication of Powell's speech was that if things continue as they are now (including the important point that the labor market does not deteriorate), the FOMC is likely to remain on hold in September. At the same time, Powell does not sound opposed to rate cuts, and the FOMC will take action as long as future data and the evolution of the outlook show good reasons to cut rates. (Golden Ten)
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