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News in English (USA) / 10.08.2025 / 02:00

Federal Reserve Officials Advocate for Multiple Rate Cuts Amid Softening Job Market

In the wake of disappointing job data, several officials from the Federal Reserve have begun advocating for interest rate cuts, signaling a dovish shift in their monetary policy stance. Fed Governor Michelle Bowman expressed support for three rate cuts in 2025 and backed a cut as early as September, citing the latest jobs report as a justification for her position. Minneapolis Fed President Neel Kashkari also indicated that two rate cuts within the year remain reasonable due to the slowing economy. Meanwhile, Mary Daly from the San Francisco Fed warned that the Fed will likely need to adjust its policy soon, suggesting that more than two cuts may be necessary. This collective concern over the cooling economy has raised questions about the timing and necessity of upcoming rate cuts, prompting discussions about potential changes in policy amid rising anxieties over the labor market.
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