""If the Powell Fed ends up doing a lot more cuts," she told Fortune ahead of the decision, "then we probably don't have a good economy. Be careful what you wish for.""
""It is a tough one," Sahm said. "Whatever they do could upset the other side.""
""frankly, he has been one for some time""
The Federal Reserve is widely expected to deliver a third interest rate cut this year as insurance against a severe downturn in the labor market. Additional cuts beyond the anticipated move would likely signal a deteriorating economy and elevate recession risk. Financial markets have welcomed cuts and futures markets are pricing further easing in 2026, but more easing would reflect weaker fundamentals. The Fed faces tension between sticky core inflation at 2.8% and rising unemployment, and communication may raise the bar for any near-term additional cuts as Chair Powell nears the end of his term.
Read at Fortune
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