Rate cut? So what?

Newly appointed Fed governor Stephen Miran has argued the federal funds rate should be a full two percentage points lower than its current level. A major cut like that could lower bond yields and reduce borrowing costs, spurring spending. But longer-term, inflation would likely balloon. After that: Auto dealers face new obstacles as EV tax credits end, a traveling nurse navigates frequent moves, and U.S. economic growth is “more resilient than expected," according to an OECD report.Every story has an economic angle. Want some in your inbox? Subscribe to our daily or weekly newsletter.Marketplace is more than a radio show. Check out our original reporting and financial literacy content at marketplace.org — and consider making an investment in our future.