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 labor markets. And right now, you know, in 24 it made no sense why they were, why they cut rates. They did it right before election and a lot of people were appalled by that because there was no indication. (03:44–03:50)
CLAIM
Asserts that the Federal Reserve has dual mandates: managing inflation and labor markets.
This is an excerpt from a raw transcript. The assertions have not been audited or verified. Tap the video to view the source footage and understand the context.
