FOMC minutes: policymakers believe in more rate cuts
Publish Date : 2019/08/22 - 05:25

Federal Reserve cut rates by 25% in its previous minutes in July 30-31, while several policymakers preferred a 50% rate cut.

In last night Federal Reserve Minute, some of policymakers agreed to maintain current monetary policy and what has been determined in previous meeting. Those who believed in more rate cut, pointed out to decelerating economy, elevated risks as global economic outlook, international trades, and US inflation outlook.

A few policymakers expressed their concern over reversal of 10-year yield curve in recent 3 months. They agreed with current policy framework and believed that it has served central bank well.

Some of the members said that forward guidance and QE programs are not enough to eliminate risks.


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