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Former Dallas Fed President Kaplan advocates for a half-point interest rate cut
If Robert Kaplan still had a say in the matter, he’d be pushing for a half percentage point interest rate reduction at this week’s Federal Reserve meeting. The former Dallas Fed president told CNBC on Tuesday that making the bolder move of 50 basis points would better position policymakers heading into the latter part of the year and the economic challenges ahead. “If I were sitting at the table, I would be advocating for 50 in this meeting,” Kaplan said during a “Squawk Box” interview. “I think the Fed may be a meeting or so late, and if I had a do-over, I might prefer we had started the cutting in ... (full story)
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- Posted: Sep 17, 2024 12:52pm
- Submitted by:Category: Fundamental AnalysisComments: 1 / Views: 4,398
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