Stacey vs Cardiff: The Fed Cut Throwdown!

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Tomorrow, the Federal Reserve is very likely to lower interest rates by at least one quarter of a percentage. We know this because Fed Chair Jerome Powell and other members of the Fed have been sending out signals for a while now that lower rates are on the way. The goal of lower interest rates is to give the economy a little boost. They make it cheaper for people and companies to borrow money to take out loans. People then spend that money and all that, in turn, helps the economy.

But this decision by the Fed is controversial because right now the US economy seems to be doing fine — and cutting rates if the economy doesn't need help is risky. So, should it be lowering rates right now? Today Cardiff and Stacey debate the wisdom and discuss the whys and wherefores of a rate cut now.

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