The Federal Reserve is likely to resume cutting interest rates in June and could reduce short-term borrowing costs again in September.

No change in interest rates is expected when the Federal Open Market Committee is scheduled to set rates again on March 19.

Mounting economic uncertainty is fueling speculation that the Federal Reserve may be compelled to resume cutting interest rates sooner than previously anticipated. Traders are increasingly betting on a June rate cut,

Richmond Federal Reserve President Tom Barkin said on Tuesday he will follow a wait-and-see approach regarding central bank interest rate policy until it is clear inflation is returning to the Fed's 2% target.

Richmond Fed president Tom Barkin said Tuesday that he wants to keep interest rates 'modestly restrictive' until he gains more confidence inflation is returning to the central bank’s 2% goal, warning about lessons learned from the 1970s.

"Uncertainty argues for caution as we look to wrap up the inflation fight," Richmond Fed President Tom Barkin said during a speech to the Rotary Club of Richmond on Tuesday. "If headwinds persist, we may well need to use policy to lean against that wind.

Federal Reserve Vice Chair for Supervision Michael Barr says monetary policy and financial stability are “inextricably linked.”

Federal Reserve Vice Chair for Supervision Michael Barr says monetary policy and financial stability are "inextricably linked" at an event hosted by Yale School of Management.

Monetary policy and is "inextricably" tied to financial stability, Federal Reserve Vice Chair for Supervision Michael Barr said on Tuesday. “Regulation of financial markets, regulation and supervision of banks,