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A timely note on why the Fed Should Cut Rates Now—Not Wait Until September via @WSJ @greg_ip. My estimate of the Fed’s reaction function implies the policy rate is 150 basis points above what the appropriate rate should be. Too restrictive. https://t.co/RUJ1Zh2m6t
"But if the Fed were truly data-dependent and trusted its own forecast, it would be comfortable cutting interest rates now. At a minimum, the option should be actively debated at its meeting in two weeks. A cut does bring risks, but so does waiting." --@Greg_Ip, @WSJ https://t.co/j0LFxUy5Od
.@greg_ip joins the-Fed-should-cut-in-July chorus. https://t.co/KWlivPeCdO via @WSJ
Several financial experts, including Greg Ip, are advocating for the Federal Reserve to cut interest rates now rather than waiting until September. They argue that the Fed should be data-dependent and trust its own forecast, suggesting that delaying a rate cut brings risks. The option of cutting rates should be discussed at the upcoming meeting in two weeks.