Former Fed 'Hawk King': Inflation will slow down, allowing the Fed to further cut interest rates

Golden Finance reported that former St. Louis Fed President Brad said that inflation will slow significantly this year, allowing the Fed to continue to drop interest rates. Brad said it looks like the Fed is likely to cut interest rates twice this year, 25 basis points each time. Fed officials expected two interest rate cuts in December last year. “I really don’t see anything that would stop them from doing this,” he said. However, Brad said that it seems too early to cut rates again in March. “From the current situation, I don’t think there will be a rate cut in March.” He said the Fed may use the March meeting to prepare for a “spring” rate cut. He said the Fed’s policy measures depend on further progress in inflation.