Instant Reaction: Will the Fed Cut Quicker After This Selloff?

Veronica Clark, a US economist at Citigroup, provides her insights amidst a sharp decline in global stock markets. She discusses the mounting pressure on the Federal Reserve to implement emergency interest rate cuts due to escalating fears of an economic slowdown. The conversation explores the implications of the latest disappointing jobs report, how labor market trends may sway Fed decisions, and the potential recession risks if action isn’t taken swiftly.