Federal Reserve officials cut interest rates by 25 basis points at their September meeting on Wednesday, the first rate cut in 2025. The US central bank currently forecasts two more rate cuts in 2025, while Fed Chair Jerome Powell noted ongoing risks in the waning labor supply and demand.
International Business Machines (IBM) Vice Chair Gary Cohn shares his thoughts on the Fed’s current situation as officials try to balance their dual mandate regarding inflation and the labor market.
Catch Yahoo Finance’s full interview with Gary Cohn by clicking here.
Cohn also served as the director of the National Economic Council (NEC) under the first Trump administration, from 2017 to 2018.
To watch more expert insights and analysis on the latest market action, check out more Opening Bid here: https://finance.yahoo.com/videos/series/opening-bid/
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