Reported about 2 months ago
In a recent discussion, economist Tiffany Wilding emphasized the importance of careful communication by the Federal Reserve regarding its interest rate decisions, as current economic indicators do not point to a recession. Following the July jobs report and initial jobless claims, there are concerns about rising unemployment; however, Wilding noted that this is driven by improved labor supply rather than job losses. As the economy stabilizes post-pandemic, she advised against aggressive interest rate cuts, suggesting the Fed should maintain a positive outlook on economic performance.
Source: YAHOO