U.S. Treasury Secretary: It's Time for the Federal Reserve to Take a Back Seat, Federal Reserve Board Members Seem Inclined to Cut Interest Rates

BlockBeats News, November 25th: U.S. Treasury Secretary Yellen stated that the Federal Reserve's "abundant reserve regime" may be slightly eroding. Measures need to be simplified as the Fed has too many tools. Concerned about the rising cost of living, but Fed policy needs to focus on the future.

It's time for the Fed to take a back seat. Fed officials seem inclined to cut interest rates.