Federal Reserve officials split: Bowman calls for faster rate cuts while Goolsbee advocates caution

Fed officials are increasingly divided on interest rate cuts. Bowman emphasizes the need for quicker cuts if the job market worsens, while Goolsbee cautions against radical easing due to persistent inflation.

Fed Chairman Jerome Powell is expected to speak soon, as many officials maintain cautious sentiments regarding additional cuts in light of inflation exceeding target rates.

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