Claudia Sahm: No Need for Emergency Rate Cut
Claudia Sahm, chief economist at New Century Advisors, recently stated that the U.S. Federal Reserve does not require an emergency rate cut in response to recent weaker-than-expected economic data. However, Sahm did suggest there is a valid argument for a 50-basis-point cut, emphasizing the importance of the Fed easing its restrictive monetary policy. While the