Brachman: Fed is Doing ‘Exactly the Right Thing’

Aaron Brachman thinks the economy is generally in a good spot and the Fed is doing “exactly the right thing.” He thinks inflation is “mostly under control” and unemployment is still “pretty low” despite the negative ADP employment report this morning. Thus, he argues it would be “kind of silly” to cut rates right now and give up leverage over the economy for later.

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