BOE’s Dhingra Says Rate Cuts Needed as Policy Is Too Restrictive

post: FED'S BOWMAN: DOESN'T TAKE A DISSENTING VOTE ON POLICY LIGHTLY FED'S BOWMAN: INFLATION IS BIGGEST PRIORITY WHEN MAKING POLICY CHOICES FED'S BOWMAN: FED STILL HASN'T ACHIEVED ITS 2% INFLATION TARGET post: *BOWMAN: LOWERING POLICY RATE TOO QUICKLY COULD REIGNITE INFLATION post: FED'S BOWMAN: I WANT TO PROCEED CAUTIOUSLY AND GRADUALLY WITH RATE CUTS. post: FED'S BOWMAN: PROGRESS ON INFLATION SEEMS TO HAVE STALLED. post: FED'S BOWMAN: UNEMPLOYMENT RATE STILL 'WELL BELOW' FULL EMPLOYMENT LEVEL FED'S BOWMAN: CORE INFALTION 'UNCOMFORTABLY' ABOVE FED'S 2% TARGET FED'S BOWMAN: UPSIDE RISKS TO INFLATION REMAIN PROMINENT FED'S BOWMAN: LABOR MARKET DATA HAVE GOTTEN HARDER TO INTERPRET

post: CHICAGO FED'S GOOLSBEE: 227K JOBS IS A BIG NUMBER; BUT NEED TO LOOK AT AVERAGES post: FED'S GOOLSBEE: ON AVERAGE, IT FEELS LIKE THE JOB MARKET WAS COOLING FROM A VERY HOT LEVEL TO SOMETHING LIKE SUSTAINABLE FULL EMPLOYMENT. WE WANT IT TO STABILIZE THERE. post: FED'S GOOLSBEE: INFLATION HAS INCHED UP A BIT. I STILL THINK THE US IS ON THE PATH TO 2%. post: HI FED'S GOOLSBEE Q&A: 'IN A MOMENT OF TRANSITION' SO 'EVERYTHING IS ON THE TABLE' FOR THE NEXT FOMC MEETINGS; RATES STILL 'WELL ABOVE' DOT PLOT #Goolsbee #FederalReserve post: FED'S GOOLSBEE: RATES WILL BE A FAIR BIT LOWER A YEAR FROM NOW.