Rising unemployment and a volatile stock market raising concerns about the economy
While some say the Fed waited too long to cut interest rates, Ryan Young, an economist with the Competitive Enterprise Institute, doesn’t agree.
“I do not. The Fed has a dual mandate where they’re supposed to keep inflation low and also keep unemployment low and the trouble is sometimes those two mandates can contradict each other, so the Fed has to choose one or the other, you can’t choose both,” said Young.