Mr. Musalem of the Federal Reserve on Thursday reiterated his view that monetary policy is now closer to neutral than slightly tighter, meaning there is limited scope for further easing without excessive easing. "Looking ahead, we need to be cautious," Mr. Musalem said, noting that inflation was too high, at 3 per cent. "I think we need to keep the pressure on above-target inflation while providing some support to the labour market," he added.
Mr. Musalem said the Fed had so far supported a rate cut to protect the labour market. Caution was needed now.
Mr. Musalem said he expected the US economy to rebound strongly early next year, underlining the need for officials to be cautious about additional rate cuts. He cited factors such as fiscal support, the impact of already implemented rate cuts and deregulation. Mr. Musalem reiterated his view that current Fed policy is close to no longer exerting downward pressure on inflation. We must be cautious...
Federal Reserve Mousalem: If there are more risks to employment and inflation is contained, I may support the path of another rate cut.
Mr. Musalem said the path to another rate cut could be supported if jobs were more at risk and inflation was under control. The Fed should not set a course and must tread carefully; it has not yet completed its inflation mandate.
Mr. Musalem said the Fed was facing strains on its target; inflation remained high and there were signs of underlying weakness in the labour market. Only 10 per cent of the inflation seen was caused by tariffs. Caution should be exercised, with limited room for further easing before policy becomes too loose. Open to potential further rate cuts.
The Federal Reserve's Musalem said that monetary policy is between moderate tightening and neutral; it is open to future rate cuts, but believes it needs to be cautious; policy has limited leeway before it becomes too loose; and inflation is expected to be above target in 2-3 quarters.
On September 30, according to foreign media reports, Kazakhstan launched the first crypto fund, Alem Crypto Fund, which was initiated by the Ministry of artificial intelligence and digital development of the Republic of Kazakhstan, managed by Qazaqstan Venture Group, and registered in the Astana International Financial Center (AIFC) ecosystem. The main objective of the fund is to make long-term investments in digital assets and build strategic reserves. In the future, the Alem Crypto Fund may al...
9月30日消息,据外媒报道,哈萨克斯坦启用首个加密基金 Alem Crypto Fund,该基金由哈萨克斯坦共和国人工智能与数字发展部发起,由 Qazaqstan Venture Group 管理,并在 阿斯塔纳国际金融中心(AIFC)生态体系内注册。 基金的主要目标是对数字资产进行长期投资并建立战略储备。未来,Alem Crypto Fund 还可能作为国家层面的储蓄工具,扩展该国在...
The Federal Reserve will not support further rate cuts if inflation risks increase.