US Fed May Cut Rates By 25 Bps Later This Month: Willem Buiter
  • WebDesk BTVI
  • Jul 19 2019

Speaking on the US Federal Reserve President John Williams' comment that central bankers need to act quickly and forcefully when rates are low and economic growth is slowing, Willem Buiter, Special Economic Adviser to Citigroup, said not all comments by Fed official can be taken as FOMC's view, and Fed officials' view are sometimes more academic than realistic. Buiter expects a 25 bps rate cut by Fed later this month, but cautions that aggressive rate cut will weaken dollar.