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With recession odds rising and the stock market down, it is no surprise that President Trump thinks the Fed's ‘wait-and-see’ approach to rate cuts is a mistake.
The parade of Fedspeakers this week affirmed key messages from the Fed meeting last week: uncertainty about the outlook, some pessimism about inflation and growth this year with risks skewed toward stagflation, and a willingness to wait for more information before adjusting policy.
DOGE is unlikely to cause a US recession, but its "move fast and break things" approach raises the risks.
