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Fed’s George, Rosengren Don’t Think Rate Cut Is Justified Yet

  • Boston Fed chief cuts growth view but not policy prescription
  • George says easing may be appropriate if data broadly worsen
Federal Reserve Exterior As Fed Looks Locked In For Quarter-Point Cut
Photographer: Andrew Harrer/Bloomberg

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The U.S. economy’s loss of momentum isn’t severe enough to warrant a further reduction to interest rates, two hawkish Federal Reserve board members said.