- Support quarter-point cut as a precautionary move
- Mon pol must continue to lean against above-target inflation
- Tariffs are adding to inflation and the impact is yet to be fully felt
- Over-emphasis on labor market could lead to policy that is too loose and does more harm than good
- Loose financial conditions and other factors mean the Fed should move cautiously on further cuts
This isn’t a big surprise coming from him but he’s certainly staking out the hawkish ground at a time when policy is headed in the other direction.
This article was written by Adam Button at investinglive.com.