What Will Happen When the Fed Finally Cuts Rates

All year all anyone has heard is the Fed and its rate cuts. Soft landings imply a little weakness but no worry, Jay Powell will cut rates once maybe twice and everything will be just fine. The only question is, why on earth does anyone believe this? The evidence and history of interest rate targeting - as you'll see - is indeed 100%, as in total failure. Rate cuts (like hikes) are pure superstition. Eurodollar University's Money & Macro AnalysisEURODOLLAR UNIVERSITY'S LIVESTREAM NEXT TUESDAY, 7/23 btw 6 - 8 pm ETEURODOLLAR UNIVERSITY'S ANNIVERSARY SALE:https://www.eurodollar.universityPBS Is the Fed going to cut interest rates? What was once a question of ‘when’ is now less certainhttps://www.pbs.org/newshour/economy/is-the-fed-going-to-cut-interest-rates-what-was-once-a-question-of-when-is-now-less-certainMorningstar We Expect GDP Growth to Weaken Until Fed Starts Cutting Interest Rateshttps://www.morningstar.com/economy/we-expect-gdp-growth-weaken-until-fed-starts-cutting-interest-ratesFOMC Transcript March 1991https://www.federalreserve.gov/monetarypolicy/files/FOMC19910326meeting.pdfRemarks by Chairman Alan GreenspanRules vs. discretionary monetary policyAt the 15th Anniversary Conference of the Center for Economic Policy Research at Stanford University, Stanford, CaliforniaSeptember 5, 1997https://www.federalreserve.gov/boarddocs/speeches/1997/19970905.htmhttps://www.eurodollar.universityTwitter: https://twitter.com/JeffSnider_EDU