Two regional Federal Reserve presidents publicly dissented over this week's interest rate cuts, issuing separate statements arguing that economic conditions didn't warrant easing
Washington Two regional Federal Reserve presidents publicly dissented Friday over this week's interest rate cuts, issuing separate statements arguing that economic conditions didn't warrant easing.
"I do not see a clear and compelling case for additional monetary accommodation at this time," said Boston Fed President Eric Rosengren in a statement. He pointed to unemployment rates near 50-year lows and inflation likely to inch higher to meet the central bank's 2% target, the level the Fed considers healthy.
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