Loretta Mester Discusses Fed Rate Cut
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potential Fed rate cutCoinGape
•Loretta Mester said a 25bps Fed rate cut seems pretty straightforward at this point
67% Informative
Former Cleveland Fed President Loretta Mester discussed a potential Fed rate cut at the November FOMC meeting.
She said that a 25 -bps rate cut seems pretty straightforward at this point with inflation slowly trending down.
Mester said that the unemployment rate is moderating, and the job data shows that the labor market is healthy.
Bitcoin and the broader crypto market reacted positively in September following the 50 bps rate cut.
A Fed Rate cut decision will come just two days after the November 5 US presidential elections.
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