Former US Federal Reserve Members Share Opinions on Upcoming Interest Rate Decision

Arabictrader.com – Former Dallas Fed member Robert Kaplan, in an interview early Tuesday, backed a pause during this week’s Fed meeting, adding that he’d prefer to leave the door open to raising interest rates in the future. subsequent July meeting.

A former member of the Federal Reserve Bank of Boston, Eric Rosengren, agreed with this perception, who made some comments and clarified his expectations regarding the upcoming US Federal Reserve interest rate decision during its meeting next Wednesday, expecting that the central bank will skip this meeting.

However, he noted that he expects a hawkish tone for the monetary policy statement regarding the US Federal Reserve’s next move regarding the upcoming decision of the Monetary Policy Committee at its next meeting in late July.

Likewise, a member of the US Federal Reserve, Philip Jefferson, supported, earlier, stopping the rate-raising cycle temporarily at the next meeting, explaining that the temporary pause does not mean that interest rates have reached their peak, stating that higher interest rates could exacerbate pressures on banking institutions, Especially those that have long-term assets and have a high ratio of uninsured deposits to total deposits.

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