Two Federal Reserve officials argue that there is no justification for further i

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      Last month, Kansas City Federal Reserve President George and Philadelphia Federal Reserve President Huck, who opposed the Fed's decision to cut interest rates, said the U.S. economy did not need more stimulus measures.
On July 31, the Federal Reserve cut borrowing costs for the first time in more than 10 years, lowering the benchmark overnight lending rate to a target range of 2.00% - 2.25%. Investors generally expect the Federal Reserve to cut interest rates again at its policy meeting from September 17 to 18.
"I would like to see interest rates remain at their current level, unless there are signs of economic weakness or economic growth, some form of upward risk will prompt me to think that interest rates should be adjusted," George told Bloomberg Television.
In addition, Huck said in an interview with CNBC: "We should stay put for a while and see how the situation develops."
In an interview with CNBC later, Dallas Federal Reserve President Frank Coplan said that although consumer spending has remained strong, the companies he contacted have become much more cautious in view of trade policy surprises.


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