According to BlockBeats, the views of former Federal Reserve officials and staff collected by former Wall Street Journal reporter Jon Hilsenrath on the U.S. economy and the Federal Reserve's outlook indicate that the unemployment rate and inflation will rise in the coming months.
Respondents expect the Federal Reserve to maintain expectations for two rate cuts of 25 basis points each within the year, but many former officials believe that a single rate cut or no cut at all may be more appropriate. The Federal Reserve will hold a policy meeting this week to release economic forecasts. Trump's import tariff policy and Congress's federal budget proposal may influence the Federal Reserve's decision-making.
