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For 7 days, the FOMC vote Committee and the Kansas City Fed chairman disagreed with the view that the Fed should lower interest rates to stimulate low inflation, adding that it could lead to financial imbalances in 2019.
"Under current circumstances, there is no need to worry too much about low inflation," he said. Moderate inflation does not require a policy response unless downside risks materialize. If the data point to a general weakening of the economy, then the adjustment policy "may be appropriate". But I think the inflation outlook is still fairly good.
In fact, she said, it was difficult to meet the Fed's 2% inflation target, partly because global factors largely led to low inflation in the United States.
"The Federal Reserve should accept that inflation targets float around 2%. Rates should not be cut just to boost the inflation of Qualcomm (77.49, 1.76, 2.32%). She said.
This view runs counter to the concerns expressed by the majority of the Fed's leaders over the years that have not reached the 2% inflation target set by the central bank.
In the light of moderate growth, low unemployment and good prospects for inflation, it is probably appropriate to maintain US interest rates unchanged at the July and September meetings, he said.
The chairman of the Federal Reserve, the chairman of the Federal Reserve, will describe interest rate cuts as an insurance policy aimed at slowing global economic growth and rising international uncertainty.
"If the data show that the economy is generally weak, then the adjustment policy can achieve the requirements of the Federal Reserve to achieve sustainable employment and stabilize prices," he said. But she said, given that inflation is now very close to the Fed's target, "trying to bring inflation back to 2% quickly by adjusting interest rates may require radical action, which will lead to misallocation of resources and financial imbalances."
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