MNI PODCAST: FedSpeak-Too Many Cuts Could Rekindle Inflation

EXECUTIVE SUMMARY

• The Federal Reserve will likely be going too far in easing monetary policy if it lowers interest rates again as widely expected next week, RDQ Economics chief economist John Ryding tells The FedSpeak Podcast.
• “We haven’t been at the Fed’s inflation target in over five years. We were at the Fed’s estimate of full employment in August.”
• Ryding said any effort by the next Trump-appointed Fed chair to aggressively lower rates would meet resistance both from other FOMC members and the bond market. 

Listen to the full episode here.