Internal Consensus at the Federal Reserve: Multiple Interest Rate Cuts Needed for a 'Soft Landing'
Publication Time:2024-09-06 23:46:07
Golden Finance Report, Federal Reserve's Goolsbee suggested focusing on the dot plot when discussing the magnitude of interest rate cuts. The dot plot did not reveal significant declines in inflation or substantial increases in unemployment. He stated that there is a general consensus within the Federal Reserve that multiple interest rate cuts will be necessary to address the current economic situation. Goolsbee also emphasized the importance of achieving an 'economic soft landing,' which involves making moderate policy adjustments to avoid economic recession while ensuring stable employment markets and gross domestic product (GDP). Despite complex challenges, the Federal Reserve remains committed to maintaining macroeconomic balance and health, ensuring sustainable economic activity.
Federal Reserve
Interest Rate Cuts
soft landing
economic stability
Dot Plot