Federal Reserve policymakers favour more rate cuts, but differ on pace


San Francisco Fed President Mary Daly. — AFP

Washington: Four US Federal Reserve (Fed) policymakers have expressed support for further interest-rate cuts, but appear to differ on how fast or far they believe any cuts should go.

On Monday, three of them, citing the strength of the economy and an uncertain outlook, expressed a preference for going slow, using words like “modest” and “gradual” to describe their views on the right pace for rate cuts.

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