US Fed officials diverge on need for possible interest-rate cut

Two Federal Reserve officials laid out the case for a possible interest-rate cut just days after Chairman Jerome Powell said there was no reason to move in either direction.[WASHINGTON] Two Federal Reserve officials laid out the case for a possible interest-rate cut just days after Chairman Jerome Powell said there was no reason to move in either direction.

Mr Evans, answering questions after a speech in Stockholm, said he would"not be afraid to act" if a rate cut was warranted by the inflation outlook, though he also said it would take some time for him to come to that view."It would take a number of data reports to take as very serious the under-running of inflation. I am certainly saying I want to see more monthly reports," he said.

Dallas Fed chief Robert Kaplan told the conference that, despite some recent weakness in headline and core inflation readings, price pressures should rebound and end the year in the range of 2 per cent.

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