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Federal Reserve Official Predicts Strong Economic Rebound in Early 2025
According to BlockBeats, Federal Reserve official Musalem anticipates a robust recovery for the U.S. economy at the beginning of next year. He emphasized the need for caution regarding further interest rate cuts, citing factors such as fiscal support, the effects of previous rate reductions, and regulatory easing. Musalem reiterated his stance that the current Federal Reserve policy is nearing a point where it no longer exerts downward pressure on inflation. He stressed the importance of careful action, as he believes there is limited room for additional rate cuts without making monetary policy excessively loose.
Following two rate reductions this year, Federal Reserve officials are divided on the necessity of further cuts. Last month, Federal Reserve Chair Powell stated that a December rate cut is not guaranteed. Several officials who have spoken since the central bank's October meeting have advocated for a pause in rate cuts in December, highlighting the need to control inflation that exceeds the target.
Following two rate reductions this year, Federal Reserve officials are divided on the necessity of further cuts. Last month, Federal Reserve Chair Powell stated that a December rate cut is not guaranteed. Several officials who have spoken since the central bank's October meeting have advocated for a pause in rate cuts in December, highlighting the need to control inflation that exceeds the target.
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