Franklin Templeton CEO “Fed, Will Lower Rates Only Once This Year”

Fed reducing number of expected rate cuts this year (Source: Forbes)

CEO Jenny Johnson of the global asset management company Franklin Templeton predicted on the 6th (local time) in an interview with foreign media that the United States Federal Reserve (Fed) will lower the benchmark interest rate only once this year. While market expectations for the Fed's pace of monetary policy easing are mixed, CEO Johnson diagnosed that a cautious adjustment is likely to occur when considering inflation and economic trends comprehensively.