The event was moved to virtual-only due to snow in Washington. Changes in policy path must be 'carefully calibrated' and 'not rushed' I am more confident that we are within striking distance of achieving sustainable 2% inflation We are close but I will need more info in coming months to be sure I view risks to Fed's mandates as more closely balanced Fed will be able to cut rates this year as long as inflation doesn't rebound or stay high This view is consistent with Fed projections for three 25 bps cuts in 2024 Timing and actual number of cuts will depend on data Economic activity has moderated Setting of policy needs to proceed with more caution to avoid over-tightening Financial conditions remain restrictive Highlights signs that the labor market continues to come into better balance Data on job openings indicates ongoing moderation in labor demand Full text https://www.forexlive.com/centralba...to-consider-cutting-rates-this-year-20240116/