I will support additional rate cuts if progress on inflation continues as expected.I want a balanced approach to make progress on inflation and avoid an undesireable slowdown in jobs and economic growth.Our approach to any policy decision will continue to be data dependent.If downside risks to employment escalates, cutting rates more quickly may be appropriate.If incoming data do not provide confidence inflation is moving toward 2%, slowing normalisation may be appropriate.
This article was written by Giuseppe Dellamotta at www.forexlive.com.
