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Federal Reserve Board Member Mullan: Continue to Cut Interest Rates to Address Economic Uncertainty
GateNews
ChainCatcher reports that Federal Reserve Board Member Mullan stated that continuing to cut interest rates remains appropriate, as it is still too early to assess the impact of the Middle East conflict on the U.S. economy. He believes that the events over the weekend have not changed the outlook for the labor market or inflation. Although the surge in oil prices has led investors to lower expectations for a rate cut by the Federal Reserve in 2026, Mullan still believes that the labor market requires more monetary policy support.
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