Parry: Fed still has room to cut rates if needed

Robert Parry said on Thursday 4 Septemberthat the Federal Reserve still has room to cut interest rates if the US economy were to underperform. But the San Francisco Fed chief, who is a voting member of the FOMC, stressed that he thought this was unlikely.

Source: Reuters

Robert Parry, the president of the San Francisco Federal Reserve Bank, said Thursday that in the unlikely event that economic growth disappoints, the central bank could still cut interest rates.

"If the economy were to underper

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