Fed's Mousalem: Supported December Rate Cut, Few Reasons for Further Policy Easing in the Short Term

Odaily News Fed's Mousalem stated that he supported the December rate cut because he saw slightly higher risks in the labor market, while the risk of inflation acceleration was easing. Inflation is closer to 3% than 2%, but it is expected to decline this year; the labor market is cooling in an orderly manner. Today's inflation rate is encouraging, indicating that this year's inflation rate will move further towards 2%, and there are few reasons for further policy easing in the short term. (Jin10)