Recession brings opportunity and the Fed to cut rates?
1 year ago
1
Episode 3 clip (July) when many assumed the Federal Reserve may slow the increase of Fed Fund Rates, that it was HIGHLY possible the Fed would keep raising until an actual recession is announced. In the 1970s Arthur Burns Fed Chairman raised rates to fight inflation, then he saw the economy weaken so he quickly lowered rates which led to the inflation issue in the 1980s. Something Powell doesn’t want to happen again. But isn’t it likely enough already?
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