Making the bolder move of 50 basis points would better position policymakers heading into the latter part of the year, Kaplan told CNBC.
Former Dallas Fed President Robert Kaplan told CNBC on Tuesday that making the bolder move of 50 basis points would better position policymakers heading into the latter part of the year.
Markets currently are putting about 2 to 1 odds that the Federal Open Market Committee will approve the half-point reduction, a switch from prior expectations.If Robert Kaplan still had a say in the matter, he'd be pushing for a half percentage point interest rate reduction at this week's Federal Reserve meeting."If I were sitting at the table, I would be advocating for 50 in this meeting," Kaplan said during a"" interview.
Markets currently are putting about 2 to 1 odds that the Federal Open Market Committee will approve a 50 basis point reduction, as opposed to theAmazon is using generative AI to drive more same-day shipping using smarter robots and better routesin his post-meeting press conference on Wednesday to indicate that additional cuts ahead are"likely to be more measured." The Fed's two-day policy meeting gets underway Tuesday.
"From a risk management point of view, 50 makes the most sense," Kaplan said."If the group is split, a lot of this will depend, actually, on what Jay Powell personally thinks, what is his personal disposition on all this, and then his ability to wrangle everybody to a unanimous decision."
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Dallas Public Library Loses Digital Access to Papers Including The Dallas Morning NewsThe Dallas Public Library is all books and no news. All branches have temporarily lost access to periodicals.
Read more »
2 homes damaged, no injuries reported in Far North Dallas house fire, Dallas-Fire Rescue saysA fire that started toward the back of a home in Far North Dallas damaged two houses Thursday afternoon, according to Dallas Fire-Rescue.
Read more »
Dallas lowers speed limit on Loop 12 in South Dallas after NBC 5 investigationThe Dallas City Council voted Wednesday to reduce speed limits on several stretches of Loop 12 in south Dallas, where it’s also known as Ledbetter Boulevard,…
Read more »
Dallas Dirt: Where To Find Farm Grown Goods in DallasIt's possible to eat straight off the farm in Dallas if you know the right spots.
Read more »
One of Dallas' best bakeries is open now in Dallas' Half Price BooksLa Casita Coffee is open now, serving croissants and espresso. And brunch and tiki-themed cocktails are on the way.
Read more »
Dallas authorizes $42 million for deck parks to reconnect downtown with southern DallasSupporters say the deck caps will transform the Dallas' southern half.
Read more »