Fed’s Rate Cut Plans Stop Making Sense
The facts have changed, but the Federal Reserve sure doesn’t seem like it is changing its mind on leaning toward an interest-rate cut at its policy meeting later this month.
Justin Lahart "cutting rates now seems out of step with what the Fed has done in the past." That's a criticism?? What they did in the past was raise rates repeatedly when unemployment was low, lowering them only after the resulting recessions were over.