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FED: Question from MNI's Jean Yung on the Potential For a 50BP Cut

FED
  • Q: MNI's Jean Yung: Is a 50bp cut as a first cut likely, or even on the table?
    • A: I don't want to say. I don't want to be specific about what we're going to do.  That's not something we're thinking about right now. Of course, we haven't made any decisions at all as of today.
  • Q: Do you get the sense that there will be a unanimous vote for a cut in Sept? Are there differences in participants' assessments in how much more confidence is needed?
    • A: There's always meaningful differences...we have a robust discussion of these things.

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