đąThe Fed should ignore #ElizabethWarren call to cut rates by 0.75 percentage points???? What's your Opinion đ§???
Some Openionsđ
The Federal Reserve should disregard Senator Elizabeth Warren's appeal to lower interest rates by 0.75 percentage points.
Warren, along with Senators John Hickenlooper and Sheldon Whitehouse, has been urging the Federal Reserve to cut interest rates to mitigate the threat of an economic slowdown, citing concerns about the labor market and inflation . They argue that the current interest rate of 5.3% is too high and that a 75 basis-point cut would still keep rates higher than they were between November 2007 and January 2023.
However, others may disagree with Warren's stance, suggesting that the Fed should prioritize controlling inflation and maintaining economic stability. The Fed's decision to cut rates would depend on various economic factors, including inflation rates, employment numbers, and overall economic growth
Key considerations for the Fed's decision:
Inflation rate: Currently at 2.5%, which is close to the Fed's target
-Employment numbers:818,000 fewer jobs created between March 2023 and March 2024 than initially estimated
Economic growth: The Fed's projections and the overall state of the economy
Ultimately, the Fed's decision will depend on a thorough analysis of these factors and its dual mandate of maximum employment and price stability.
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