Reported 20 days ago
The Federal Reserve's recent decision to cut interest rates by 50 basis points marks its first reduction in four years, indicating a significant shift in monetary policy. Economists Ann Berry and Greg Daco discussed that this move reflects an urgency to address slowing economic conditions, particularly in the labor market. While the immediate impact suggests a need for adjustments in policy, experts argue it also raises concerns about potential recessionary signals, as such cuts often precede economic downturns.
Source: YAHOO