The two Fed dissenters say worries about labor market led them to push for lower rates
132d ago
Business
MarketWatch
Two Federal Reserve governors have publicly explained their dissent from the recent decision to hold interest rates steady. In separate statements, they cited concerns about the strength of the labor market as the primary reason for advocating for a rate cut. Their opposition marks a notable divergence from the majority view within the Fed, highlighting ongoing debate about the appropriate path for monetary policy in the face of economic uncertainty. The governors' statements underscore the complexities of balancing inflation control with maintaining a healthy employment rate. Their views suggest a belief that a more accommodative policy stance is needed to support continued job growth.