And a lot of people are asking that question, are we going to relive the 70s where the Fed moved too quickly to cut rates and inflation spiked again? I don't know. But remember, The Fed has two mandates, inflation, and the other one is the labor markets. And right now in 24, it made no sense why they cut rates. They did it right before election and a lot of people were appalled by that because there was no indication. (1:04:45–1:04:51)
CLAIM
Asserts that the Federal Reserve's mandates include managing inflation and labor markets.
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