If we weren't moving out so many illegals and so many baby boomers, the unemployment rate I think would be more up at 5.5 or 6%. But we're again shrinking our workforce. Interest rates. The Fed will cut interest rates in 25 basis point increments, occasionally pausing because of the concern about inflationary pressures. But the weakening labor market will take precedent and the Fed by the end of the year will have cut 100 to 125 basis points in total. (01:15–01:24)
CLAIM
Predicts that the Fed will cut interest rates in 25 basis point increments.
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