According to Odaily Planet Daily, the new economic forecast released by the Federal Reserve this week shows that economic growth will slow down and inflation will rise. Nevertheless, policymakers expect to cut interest rates later this year.
Among the 19 officials, 7 believe that there is no need to cut interest rates this year, while 8 believe that two cuts are necessary, aligning with investors' expectations of a 25 basis point cut at the September and December meetings. Additionally, 2 expect one cut, and 2 expect three cuts.
Federal Reserve Governor Waller believes that the earliest rate cut could be in July, while Barkin thinks there is no rush to cut rates. The two have vastly different views on the impact of Trump's tariffs, which involve prices, employment, and economic growth.