Joseph Gagnon, senior fellow at the Peterson Institute for International Economics, told Xinhua in a recent interview that he thinks the Fed regrets its last two hikes last year and "kind of want to chase it back basically," adding that there may be another cut before the end of the year.
Calling it a "mid-cycle adjustment" to the central bank's monetary policy, Powell said the rate cut is "not the beginning of a long series of rate cuts."
The Fed approved four rate hikes in 2018, continuing a move toward policy normalization that began in 2017, after holding rates near zero for seven years. Since the beginning of this year, the central bank has left interest rates unchanged.
【国际英语资讯:U.S. Fed cuts interest rates for first time since 2008】相关文章:
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