Economics
Fed's Rate Cut Chatter Grows as Kashkari Backs Half-Point Drop
- Clarida, Brainard, Bullard also weigh in on rate outlook
- Slowing global growth, weak U.S. inflation cited as concerns
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The drumbeat for a Federal Reserve interest rate cut is getting louder, with one policy maker calling for a 50 basis point reduction.
Minneapolis Fed President Neel Kashkari said Friday that he’d advocated for such a move at the central bank’s June 18-19 meeting, where officials ended leaving rates unchanged.