Surveillance: Aggressive Cuts with Luzzetti
Bloomberg Surveillance
00:00
The Fed's Prediction for the Unemployment Rate
The Fed's forecast for the unemployment rate is that it rises up to 4.6% and stays there. If you have something that looks more like a typical recession, which is basically our forecast, then I think we should expect that they will be cutting rates. They've been very clear they're not going to repeat the mistakes of the 1970s. It's almost Soros paparesque that you can shape the events you anticipated.
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