Rate Cuts Aren’t All-Powerful, But They Can Boost Confidence

Fed Widens Outlook but Maintains Its Two Key Goals

“They found that low unemployment really significantly benefits low- and middle-income communities, so that’s one of the new concerns,” says Chief Economist Scott Brown. “It’s not a huge shift in how they look at things, but it is written down at this point. I think that’s what really got the markets’ attention.”

Recorded October 2, 2020.

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