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According to Richmond Fed President Thomas Barkin, the priority between controlling inflation or unemployment, the two functions assigned to the Fed remains unclear at this point.
Meanwhile, Atlanta Fed President Raphael Bostic stated that he considers one interest rate cut in 2025 appropriate, provided the labor market situation remains stable.
Chicago Fed President Austan Goolsbee expects lively regulatory meetings this fall, as the Fed will need to interpret ambiguous economic data.