On October 2, Fed's Logan stated that employment growth has significantly slowed, and there is a need to follow the risks in two aspects of the Fed's mission. The inflation rate has exceeded the target and is on the rise. The recent interest rate cuts are to prevent a more rapid, nonlinear decline in the labor market. ( Jin10 )
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Fed's Logan: Inflation rate has exceeded the target and is on the rise.
On October 2, Fed's Logan stated that employment growth has significantly slowed, and there is a need to follow the risks in two aspects of the Fed's mission. The inflation rate has exceeded the target and is on the rise. The recent interest rate cuts are to prevent a more rapid, nonlinear decline in the labor market. ( Jin10 )