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Speaker Lisa Morrison

Principal Economist View profile

The Federal Reserve has a dual mandate from the US Congress to maintain low unemployment and low inflation, in the context of stable long-term interest rates.

Since May, however, the Fed has interpreted its role to also “sustain the expansion” which has been ongoing in the US for ten years now. This video explores the status of both employment and inflation and explains why the Fed decided to lower interest rates by 25bp on 31 July 2019.

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Market Roundup

The Fed's rate cut is insurance against another policy storm

This video was recorded on the 31st July 2019

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Speaker Lisa Morrison

Principal Economist View profile

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