Fed Now Has a ‘Dueling Mandate,’ KPMG’s Swonk Says
NeutralFinancial Markets

KPMG Chief Economist Diane Swonk has highlighted the challenges ahead for the Federal Reserve following its recent decision to cut interest rates by a quarter point. During her appearance on Bloomberg Surveillance, she noted that this move reflects a 'dueling mandate' for the Fed, indicating potential tensions in balancing economic growth with inflation control. This situation is significant as it could impact monetary policy and the broader economy, influencing everything from consumer spending to investment strategies.
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