The Fed governors should further clarify if there will be more key interest rates in the upcoming months and how reliant the FOMC will be on economic reports.
Emerging-market central banks have been active buyers since the freezing of Russian reserves in 2022 underscored the vulnerability of foreign-exchange holdings.
The Treasury chief says recent inflation data and signs of labor market cooling justify a jumbo rate cut in September—followed by series of more reductions.
The Fed governors should further clarify if there will be more key interest rates in the upcoming months and how reliant the FOMC will be on economic reports.
Emerging-market central banks have been active buyers since the freezing of Russian reserves in 2022 underscored the vulnerability of foreign-exchange holdings.
The Treasury chief says recent inflation data and signs of labor market cooling justify a jumbo rate cut in September—followed by series of more reductions.