Federal Reserve Officials: Rapid Economic Slowdown Could Trigger Rate Cuts
Publication Time:2024-08-03 04:07:05
At recent financial meetings, Federal Reserve official Balke expressed that although the newly released non-farm employment growth was only 114,000, this figure is not particularly ideal, but can still be considered a reasonable statistical data. Notably, Balke further pointed out that if the US economy experiences a rapid decline trend, the Federal Reserve is likely to take significant interest rate cuts as a countermeasure. This indicates that, in the face of increased global economic uncertainty, the Federal Reserve maintains high flexibility in adjusting its economic policy.
Federal Reserve
Rate Cuts
Economic Slowdown
Non-farm Employment
Balke