- Labor market consistent with full employment
- Economy growing at near-trend pace
- Sharply reduced immigration should keep labor force demand in balance
- Concerns about high prices are ‘pervasive’ among contacts
- Condisder disinflation the most-likely outcome based on limited additional tariffs, progress on reopening Hormuz
- Appropriate to raise rates ‘soon’ in the abscence of evidence of sustained disinflation
That sounds like someone who will be advocating for rate cuts.
This article was written by Adam Button at investinglive.com.