Lowering interest rates to juice the economy is done when unemployment rises … which hasn’t happened yet in the wider economy.
Juiced economy and free cash is what led to massive inflation. Powell is trying to save hay until winter - when we get a recession the interest rates cuts are the only knob he has to turn to soften the blow.
Juiced economy and free cash is what led to massive inflation. Powell is trying to save hay until winter - when we get a recession the interest rates cuts are the only knob he has to turn to soften the blow.