Fed's Balkin: 25 bps rate cut doesn't matter either way, question is when to change the narrative
Fed's Balkin said he was sure the Fed would discuss at its July policy meeting whether it was still appropriate to characterize inflation as high, and that a 25-basis-point cut in interest rates was irrelevant in any case; the question was when to change the narrative. The best way to maintain credibility is to do the right thing at the right time.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Data: PING market cap hits a new high, surpassing 70 million USD
Data: x402 protocol token PING market cap surpasses 60 million USD
Clanker project team uses protocol fees to buy back approximately $65,000 worth of CLANKER tokens