Want to create an interactive transcript for this episode?
Podcast: Money Life with Chuck Jaffe
Episode: Mission accomplished, Yaruss says it's time for the Fed to cut rates
Description: Howard Yaruss, professor at New York University and author of "Understandable Economics," says the Federal Reserve should "consider a small rate cut, as soon as possible," in part because the central bank has done a good job — as measured by certain inflation measures — in at least coming close to its target levels, but also because other central bankers around the globe have started to cut, and there could be some issues arising if U.S. monetary policy is out of sync with the rest of the world. Yaruss sees the economy mostly avoiding significant recession and downturn until at leas...