Chicago Fed President Anticipates Massive Interest Rate Cuts Due to Economic ‘Overcooling’
Chicago, Illinois – The President of the Federal Reserve Bank of Chicago has indicated that he expects multiple interest rate cuts in the near future due to concerns of economic “overcooling.” This announcement comes as Fed Governor Waller also voices support for an interest rate cut at the upcoming September meeting, hinting at the possibility of a more significant move. The Federal Reserve policymakers are expressing readiness to begin cutting interest rates as a response …