Yonhap Infomax NewsFederal Reserve Governor Steven Meyren calls for 100 basis points in additional rate cuts this year, dismissing concerns over energy price spikes and market volatility while emphasizing well-anchored inflation expectations and the absence of wage-price spiral evidence despite oil surpassing $100 per barrel.
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Fed Governor Meyren - 'No Wage-Price Spiral... Need 100bp Rate Cut'
Federal Reserve Governor Steven Meyren calls for 100 basis points in additional rate cuts this year, dismissing concerns over energy price spikes and market volatility while emphasizing well-anchored inflation expectations and the absence of wage-price spiral evidence despite oil surpassing $100 per barrel.