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Federal Reserve Vice Chair: Interest Rates Closer to Neutral, Key Inflation Moving Toward 2%
BlockBeats News, November 7th, Federal Reserve Vice Chair Clarida: Supported October FOMC rate cut. Overall economic changes have been modest in recent months, with signs of progress toward 2% core inflation. Rates are now closer to neutral, so it's best to proceed gradually. It's too early to judge how AI will reshape the economy. Lack of progress in inflation seems to be due to tariffs, will assess decision-making intentions at upcoming meetings, citing potential data gaps from the government shutdown. (FXStreet)
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