-
Jerome Powell 'Playing With Fire,' Says Recession Rule Creator Claudia Sahm About Fed's Inaction On Interest Rate Cuts: 'I'm Not Sure What They're Waiting For'
Tuesday, June 18, 2024 - 10:38pm | 677Economist Claudia Sahm cautioned that the Federal Reserve’s reluctance to cut interest rates could potentially push the economy into a recession. What Happened: Sahm, the economist behind the “Sahm Rule,” which predicts recessions based on unemployment rates, is concerned about...