Multiple Fed officials discuss possibility of future interest rate cuts: Chairman Powell faces dissent

Fed St. Louis President Alberto Musalem expresses skepticism about additional cuts due to ongoing inflation around 3%, urging caution to avoid overly loose monetary policy.

San Francisco Fed President Mary Daly recognizes easing labor demand and monitors the impacts of AI productivity, stressing the importance of balancing interest rates to ensure economic stability.

Reduced job growth forecasts indicate a decline from 150,000 jobs per month to around 50,000, with Fed Chicago predicting unemployment could rise to 4.4% due to decreased immigration.