The Federal Open Market Committee is meeting today. There is a lot to unpack here, but let’s get one thing straight: This is a completely unnecessary rate cut, one that is motivated by political expediency, not economic needs. It is reckless, it is irresponsible, and it dramatically increases the possibility of another 2008-09 like disaster. … Continue reading Today’s Reckless, Irresponsible, Politically-Motivated FOMC Rate Cut