Everyone has been obsessed with whether the Fed will cut rates and by how much, but the much more important question is: what’s the point? I argue that Fed rate cuts won’t help much: https://www.ft.com/content/b5f4f972-9342-11e9-8ff4-699df1c62544.

For a shorter version of this argument, see my CNBC debate on the topic with Steve Liesman and Kelly Evans. https://www.cnbc.com/video/2019/07/22/heres-why-this-economist-thinks-a-rate-cut-might-be-pointless.html