A former Fed president says she would not cut interest rates this week, but she expects the central bank will anyway

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• The Federal Reserve is expected to announce an interest rate cut of 25 basis points on Wednesday, but one former Fed official might have pressed pause instead.

The Federal Reserve is expected to cut its key interest rate by 25 basis points on Wednesday. But should it? Former Kansas City Fed President Esther George said she wouldn’t. “This is a time to be very cautious,” she said in an interview on Tuesday.