The Fed's Decision to Cut Short Term Interest Rates

If the US economy does go into a recession, higher rates will be squeezed on borrowers. The Fed is seeing the dip in inflation and thinking they can start cutting interest rates. Well, maybe what does that do to the US dollar? I would argue lower. And if the Fed starts getting aggressive with their cuts and the dollar continues to weaken, well, the 10 year yield can go even well before percent in a slowing economy. That would be a really difficult situation. So I'm not saying that that happens. I'm just saying that these are some realistic outcomes that tells me this is this. There's more chapters to this book on where rates go"