In an interview with the media on Saturday, Minneapolis Fed President Neil Kashkari said that this matter (rate cuts) is really not dependent on short-term plans between Congress and the new administration - it's really about productivity and economic growth. If that growth can be sustained and our economy becomes more structurally efficient, then that tells me that we may not cut rates as much.
According to US media estimates, Republican presidential candidate Donald Trump has received at least 270 electoral votes.
In a conference call with the media on Thursday, Ms Daly said she was more convinced that easing monetary policy was sooner rather than later, given recent inflation and employment data. "Based on the information we have received so far, including data on employment, inflation, GDP growth and the economic outlook, I think some policy adjustments may be necessary," Ms Daly said. But Ms Daly declined to say what she thought the Wachovia...