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Former Federal Reserve economist Claudia Sahm pointed out in an interview that there is strong evidence to support a 50 basis point rate cut. This will help the Federal Reserve "recalibrate" and stabilize the unemployment rate, which has become too low. Sam said, "The mission of the Federal Reserve is to achieve full employment. It's not 'no recession'. They should seek as little labor market weakening as possible to bring inflation down to target levels. I think the balance has now shifted." Sam added that a larger rate cut will also see those who believe policy should have started cutting rates in July see the Fed back on track. @sutan @wrum
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