The Federal Reserve on Wednesday opened the door to an interest rate cut soon, saying uncertainties about the economic outlook are on the rise and vowing to act to keep the economy growing.
The central bank left rates unchanged but one policymaker dissented in the vote, advocating for an immediate cut instead - something President Donald Trump has been calling for loudly.
The policy-setting Federal Open Market Committee kept the key rate in the 2.25-2.5 per cent range but said "uncertainties about this outlook have increased" and the Fed "will act as appropriate to sustain the expansion."
Bullard last month was to first central banker to give voice to the expectations of financial markets that economic conditions would require the Fed to cut in the near future. He said earlier this month that a rate cut could be needed "soon."
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