Please share the optimistic opinion of Mr. Hatzius of Goldma...
Please share the optimistic opinion of Mr. Hatzius of Goldman.
1. Current state of the economy
I don't think there will be a recession. The economy hasn't deteriorated that much at the moment. Therefore, there is no need to take drastic mitigation measures.
2. Fed's responsiveness
The Fed has plenty of room to counter economic softening, and can cut interest rates a lot.
3. The possibility of interest rate cuts
There is no need for rapid interest rate cuts at the moment.
“There is a possibility that the Fed will cut interest rates by 525 bps. Interest rate cuts of 50 bps are not anticipated at the next meeting, but there is a possibility that drastic mitigation will be implemented if necessary.”
1. Current state of the economy
I don't think there will be a recession. The economy hasn't deteriorated that much at the moment. Therefore, there is no need to take drastic mitigation measures.
2. Fed's responsiveness
The Fed has plenty of room to counter economic softening, and can cut interest rates a lot.
3. The possibility of interest rate cuts
There is no need for rapid interest rate cuts at the moment.
“There is a possibility that the Fed will cut interest rates by 525 bps. Interest rate cuts of 50 bps are not anticipated at the next meeting, but there is a possibility that drastic mitigation will be implemented if necessary.”
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