Fed Now Has a ‘Dueling Mandate,’ KPMG’s Swonk Says

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KPMG's Chief Economist Diane Swonk expects tension in the market due to the Federal Reserve's dual mandate of controlling inflation and supporting economic growth, following the interest rate cut.

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“We are going to see a lot of tension going forward,” KPMG Chief Economist Diane Swonk says while reacting to the decision by the Federal Reserve’s policy-setting Federal Open Market Committee to cut rates a quarter point on “Bloomberg Surveillance: The Fed Decides.”

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Original article published by Bloomberg on October 29, 2025.
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