Fed Might Be in 'Rate Cutting Business,' Professor Goolsbee Says

The video discusses Jay Powell's perspective on the economy, highlighting the Fed's 2% inflation target. It contrasts the strong consumer sector with weaker manufacturing and trade, raising concerns about global impacts, particularly from China. Potential threats like a China slowdown, trade wars, and coronavirus are examined. The Fed's strategy on rate adjustments in 2020 is also discussed, with a focus on potential rate cuts.

What concerns does Jay Powell express regarding private investment and international trade?

What does Jay Powell suggest about the potential for rate changes in 2020?