According to BlockBeats, on November 26, Federal Reserve official Gulsby said that the Federal Reserve is expected to continue to cut interest rates to achieve the goal of neither suppressing nor promoting economic activity.
Gulsby said unless there is strong evidence that the economy is overheating, there is no reason not to continue lowering the federal funds rate. The pace of rate cuts depends on the outlook and conditions.
He believes the current path will lead to rate cuts closer to the neutral rate, which he projects is close to officials’ median estimate of 2.9 percent in September.
Gulsby noted that the overall picture in recent months has been that inflation has tended to be below expectations but has not significantly exceeded the 2% target.
