Statements on Interest Rate Cuts from the Former Vice President of the FED: “This Will Happen Despite the FED's Statements
Crypto NewsEconomyInterest Rate Cut Statements from the Former Vice President of the FED: "It Will Be Like This, Despite the FED's Statements" . Here are the details.Author:Mete Demiralp13.06.2024 - 22:20Update:13.06.2024 - 22:20Follow0Alan Blinder, one of the former Vice Presidents of the FED and currently a professor at Princeton University, said in a recent interview that the FED's He shared his views on the direction of monetary policy for 2024. Blinder argued that the FED maintains its tendency to reduce interest rates and that interest rates may be reduced twice this year. Blinder rejected the idea of the FED increasing interest rates as "fantasy" and said that this is no longer the case. He stated that there was no possibility. Evaluating the steps taken in the past, Blinder claimed that the FED was influenced by its previous hesitations about immediately increasing interest rates, which caused inflation to be higher than expected. According to Blinder, this persistent memory continues to influence the FED's cautious approach.
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