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Fed Officials Signal Wariness to Cut Rates Too Soon, Despite Inflation Progress
Four Fed officials suggested Wednesday they don’t see an urgent case for lowering interest rates, adding to a roster of policymakers in recent days who made clear a cut isn’t likely until May at the earliest. Governor Adriana Kugler, Boston Fed President Susan Collins, Minneapolis Fed chief Neel Kashkari and Richmond’s Thomas Barkin were all noncommittal on when the US central bank can start reducing the Fed’s benchmark lending rate from a two-decade high, despite a marked improvement in inflation last year. The remarks largely echo the message delivered over the past week by Fed Chair Jerome Powell, who ... (full story)