Mr. Walsh, a former member of the U.S. Federal Reserve Board, believes interest rates should be lowered immediately.

Speaking about the renovation of the Fed headquarters, he described this action as 'shocking', reflecting a straightforward view on monetary policy and the infrastructure changes of the Fed.

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  • Former Fed member Walsh advises to cut interest rates immediately.

How does Mr. Walsh affirm the Fed's interest rate policy?

Based on years of experience in the Federal Reserve Board, Mr. Walsh clearly states that the Fed should lower interest rates immediately. This perspective stems from market analyses and potential economic risks if high interest rates are maintained.

The Fed should implement an accommodative monetary policy to boost economic growth and stabilize financial markets.
— Walsh, Former Fed Board Member, 13/07/2024

Mr. Walsh has contributed to shaping important policies of the Fed for many years, so his statements carry high expertise and are of interest to the market.

Why does Mr. Walsh call the renovation of the Fed building 'shocking'?

Mr. Walsh expressed surprise at the scale and cost of the Fed headquarters renovation, arguing that in the context of ongoing economic challenges, this is imprudent and could negatively affect the organization's image.

Experts note that while many financial institutions focus on cutting costs, aggressive actions to renovate infrastructure could provoke mixed reactions in public opinion.

The renovation of the headquarters at a high cost during the current period is a sign inconsistent with the Fed's spirit of thrift and risk control.
— Walsh, Former Fed Board Member, 07/2024

What is the impact of this perspective on the financial markets and the Fed?

Walsh's opinion could create pressure for the Fed to consider adjusting interest rate policies to support the economy, while also raising debates about budget management within the organization. This is reflected in many recent financial reports and market analyses.

Comparison table of experts' views on Fed interest rates in 2024

Expert Rate Opinion Reason Walsh (Former Fed Member) Cut immediately Stimulate economic growth, reduce recession risks Many economists today Maintain or raise Control inflation, stabilize markets

Frequently Asked Questions

What does Mr. Walsh advise the Fed to do about interest rates?

He advises the Fed to lower interest rates immediately to stimulate economic growth based on his monetary policy experience.

Why is the renovation of the Fed headquarters controversial?

The large renovation costs in the context of ongoing economic challenges have led many experts to reconsider the appropriateness of the project.

What impact does Mr. Walsh's statement have?

This statement puts pressure on the Fed to consider adjusting monetary policy in line with the new situation.

What position did Walsh hold at the Fed?

He was a member of the Federal Reserve Board, responsible for formulating key monetary policies.

Does Mr. Walsh's view represent the majority of experts?

No, many economists still prioritize maintaining or raising interest rates to control inflation, reflecting a diversity of views within the profession.

Source: https://tintucbitcoin.com/cuu-fed-walsh-keu-goi-ha-lai-suat/

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