Central Banks
Fed Officials Say Data Doesn’t Show It’s Time for a Rate Cut Yet
- Daly says it’s ‘premature’ to think cuts are around the corner
- Fed’s Bostic and Goolsbee emphasize data’s role in thinking
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Three Federal Reserve officials on Friday emphasized that incoming data will guide their decision on when to cut interest rates, and made clear they haven’t seen enough evidence yet to begin easing.
“While I think it’s appropriate for us to look forward and ask when would policy adjustments be necessary so we don’t put a stranglehold on the economy, it’s really premature to think that that’s around the corner,” San Francisco Fed President Mary Daly said Friday in an interview on Fox Business.