Senior Fed officials weigh in on potential rate cut

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Following the first dissent under Jerome Powell’s chairmanship of the Federal Reserve, some senior policy-makers have increased their signalling of an upcoming rate cut.

The dissent came from St Louis Fed president James Bullard. He argued a cut would “provide insurance against further declines in expected inflation and a slowing economy”, in a statement following the June 19 Federal Open Market Committee meeting.

“Even if a sharper-than-expected slowdown does not materialise, a rate cut would

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