"Dovish" and "hawkish" policies confront each other! The narrative of the Fed's interest rate cuts falls into disagreement.
Financial news app Zhitong Finance learned that Austan Goolsbee, the Chicago Fed president, who has long leaned towards a "dovish" monetary policy stance, said on Tuesday that given that inflation remains above the Fed's target and is trending upwards, the Fed should maintain a cautious stance on further rate cuts rather than taking an aggressive path. At almost the same time, Fed governor Michelle Bowman stated that due to the rapid weakening of the US non-farm labor market, FOMC policymakers face the risk of falling behind the economic situation and need to take decisive action to lower interest rates. Their latest remarks, along with last week's dot plot, convey similar messages - highlighting significant internal divisions within the Fed over the outlook for interest rates.
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