Surveillance: Fed Cuts with Ausenbaugh
Bloomberg Surveillance
00:00
The Domino Effect on the Mortgage Market
With unemployment at or near record lows consistently, how can rates be cut? Maybe they'll drift lower if the Fed stabilizes for a while. I think it's reasonable to expect that, but not a sharp decline. The economy is too strong on the unemployment side. So the Fed is going to have to keep using their baseball bat to damage the economy.
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