Inflation might actually fall too far, the Fed governor says, opening the door wider for more half-point interest-rate cuts.

A top Federal Reserve official said the US central bank should revert to cutting interest rates “gradually”, after a larger than usual half-point reduction earlier this month.

A HANDFUL of Federal Reserve officials on Monday (Sep 23) left open the door to additional large interest-rate cuts, noting that current rates still weigh heavily on the US economy. Read more at The Business Times.