Expert Says Fed Should Ignore Market for Rate Cuts, Inflation Remains High

Former Federal Reserve Vice Chairman Roger Ferguson argues that the US central bank should not be swayed by market expectations and potentially cut interest rates as early as June. He contends that current inflationary pressures make this a premature move, even though futures markets are predicting multiple rate cuts in 2025. Instead, Ferguson emphasizes the need for continued monetary policy stance until inflation returns to the 2% target.