Federal Reserve Official Predicts Strong Economic Recovery by Early 2025

According to BlockBeats, Fed official Musalem forecasts a strong rebound for the U.S. economy in early 2025. He cautions against further interest rate cuts, citing factors such as ongoing fiscal support, lingering effects of past rate reductions, and regulatory easing. Musalem emphasizes that the current Federal Reserve policy is nearing its point where it no longer has a significant impact on inflation. He stresses the need for cautious actions due to limited room for additional rate cuts without potentially loosening monetary policy too much.