The event was moved to virtual-only due to snow in Washington.
https://www.forexlive.com/centralba...to-consider-cutting-rates-this-year-20240116/
- Changes in policy path must be 'carefully calibrated' and 'not rushed'
- I am more confident that we are within striking distance of achieving sustainable 2% inflation
- We are close but I will need more info in coming months to be sure
- I view risks to Fed's mandates as more closely balanced
- Fed will be able to cut rates this year as long as inflation doesn't rebound or stay high
- This view is consistent with Fed projections for three 25 bps cuts in 2024
- Timing and actual number of cuts will depend on data
- Economic activity has moderated
- Setting of policy needs to proceed with more caution to avoid over-tightening
- Financial conditions remain restrictive
- Highlights signs that the labor market continues to come into better balance
- Data on job openings indicates ongoing moderation in labor demand
- Full text
https://www.forexlive.com/centralba...to-consider-cutting-rates-this-year-20240116/