Fed's Mester supports larger rate cuts, Wall Street takes it in stride

MetaEraSep 19, 2025
#Macro
On September 19 (UTC+8), the independence of the Federal Reserve has become a more hotly debated topic - Federal Reserve Governor Milan voted in favor of a larger interest rate cut than other members of the Federal Open Market Committee during his tenure in the White House. However, Wall Street seemed to calmly cope with this change, which Federal Reserve's Kashkari attributed to the market's confidence in American institutions. Kashkari said in an interview with CNBC: "There is a general recognition among investors and legislators of the importance of the Fed's independence. I think people believe that the U.S. system will continue to uphold the Fed's independence, keeping it free from short-term political processes." (Source: 金十) [Jin10]
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Fed's Mester supports larger rate cuts, Wall Street takes it in stride

MetaEraSep 19, 2025
#Macro
On September 19 (UTC+8), the independence of the Federal Reserve has become a more hotly debated topic - Federal Reserve Governor Milan voted in favor of a larger interest rate cut than other members of the Federal Open Market Committee during his tenure in the White House. However, Wall Street seemed to calmly cope with this change, which Federal Reserve's Kashkari attributed to the market's confidence in American institutions. Kashkari said in an interview with CNBC: "There is a general recognition among investors and legislators of the importance of the Fed's independence. I think people believe that the U.S. system will continue to uphold the Fed's independence, keeping it free from short-term political processes." (Source: 金十) [Jin10]
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