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MNI INTERVIEW: Fed To Keep Options Open Amid Risks - English

MNI speaks to a former top staffer on the Fed outlook.

MNI (WASHINGTON) - Risks to the Federal Reserve's inflation and employment objectives are tilting further to the downside but remain quite balanced, so the central bank could go either way as it weighs whether to cut interest rates by 25 or 50 basis points this week, former director of the Fed Board's division of monetary affairs William English told MNI.

"In recent months, the inflation data have been pretty good, so inflation seems to be more or less on track, but the labor market's been softer, particularly with the revisions," he said in an interview Friday. "The outlook is for an economy that is just a little bit weaker than I thought a few months ago."

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MNI (WASHINGTON) - Risks to the Federal Reserve's inflation and employment objectives are tilting further to the downside but remain quite balanced, so the central bank could go either way as it weighs whether to cut interest rates by 25 or 50 basis points this week, former director of the Fed Board's division of monetary affairs William English told MNI.

"In recent months, the inflation data have been pretty good, so inflation seems to be more or less on track, but the labor market's been softer, particularly with the revisions," he said in an interview Friday. "The outlook is for an economy that is just a little bit weaker than I thought a few months ago."

Keep reading...Show less