Today, The Wall Street Journal published an op-ed by Mickey Levy of the Shadow Open Market Committee (SOMC) member.
Mickey questions whether future rate cuts constitute the right monetary policy, highlighting how lower rates would present a dilemma for the Fed, as:
– Employment will be prioritized over price stability,
– Inflation is now further above its 2% target than it was below target in 2016-19, and
– Tariffs and immigration policy are under-cutting economic growth.
We look forward to any comments you might have.
To view the full article:
https://www.wsj.com/opinion/trump-forces-a-fed-guessing-game-8b5e7c18