MNI PODCAST: FedSpeak-No Clarity For Fed To Cut Rates-Kroszner

EXECUTIVE SUMMARY

• The Fed is unlikely to reduce borrowing costs for much of this year as policy uncertainty and inflation risks dominate the outlook, former Fed board governor Randall Kroszner told MNI.
• Kroszner said inaction will be the path of least resistance for officials as they try to assess the combined effect from a torrent of new policy proposals from the Trump administration.
• “It’s not going to be so clear in the very near future and the Fed is in a position where they are ok to wait.”

Listen to the full podcast here or here.