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2025-08-01 11:53:47
[Former Fed Governor: If the labor market does not deteriorate, the Fed may not cut interest rates in September] Former Fed Governor Larry Meyer wrote after the Fed's interest rate meeting this week that the implication of Powell's speech was that if things continue to develop as they are now (including the important point that the labor market does not deteriorate), the FOMC is likely to continue to hold its ground in September. At the same time, Powell does not sound opposed to cutting interest rates. As long as the evolution of future data and prospects shows that there is sufficient reason to cut interest rates, the FOMC will take action to cut interest rates.
