Reported about 2 months ago
Moody’s Chief Economist Mark Zandi argues that the Federal Reserve should have lowered interest rates months ago, citing that inflation is cooling towards the target of 2%, employment levels are favorable with a 4.3% unemployment rate, and the current rate of 5.5% is overly restrictive on the economy. He believes these factors warrant a decrease in the federal funds rate to support economic growth.
Source: YAHOO