BlockBeats News, October 16: Federal Reserve Governor Waller stated that officials could gradually ease monetary policy to support the weak labor market by lowering interest rates by 25 basis points each time; meanwhile, Brainard continued to advocate for a larger rate cut. Waller said on Thursday: “You don’t want to make a mistake, and the way to avoid mistakes is to proceed cautiously—lower by 25 basis points first, observe the results, and then decide what to do next.” Brainard reiterated that a larger 50 basis points rate cut should be taken, as trade tensions have increased the downside risks facing the economy, necessitating a more rapid monetary policy loosening. “I believe that we will probably see three 25 basis points rate cuts this year,” Brainard said. (FX678)
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