Fox’s Edward Lawrence: Federal Reserve Has ‘No Clarity’ About Where They’re Going with Rate Cuts

Lawrence But now the ░░░░░░░░ Reserve chairman back to ░░░░░░░░ about inflation adding he ░░░░░░░░ feeling good about where ░░░░░░░░ are at the moment ░░░░░░░░ he dropped the word ░░░░░░░░ from this news conference ░░░░░░░░ about interest rates as ░░░░░░░░ Federal Reserve now forecasts ░░░░░░░░ rate cuts next year ░░░░░░░░ four So I wanted ░░░░░░░░ know where this rate ░░░░░░░░ train is headed Clip ░░░░░░░░ Lawrence I think that ░░░░░░░░ markets are looking for ░░░░░░░░ little more clarity I ░░░░░░░░ I ve heard estimates ░░░░░░░░ 2 9 percent to ░░░░░░░░ percent You know I ░░░░░░░░ the markets would like ░░░░░░░░ see a little more ░░░░░░░░ about the year out ░░░░░░░░ months out as to ░░░░░░░░ that that goal post ░░░░░░░░ lack of better term ░░░░░░░░ because at the moment ░░░░░░░░ looks big Powell Yeah ░░░░░░░░ mean honestly we you ░░░░░░░░ there are countless models ░░░░░░░░ what of what a ░░░░░░░░ rate might be at ░░░░░░░░ given time There are ░░░░░░░░ models there are theoretical ░░░░░░░░ There are things that ░░░░░░░░ them and they have ░░░░░░░░ many different answers as ░░░░░░░░ d like So there ░░░░░░░░ no real certainty And ░░░░░░░░ mean it s actually ░░░░░░░░ good thing to know ░░░░░░░░ we don t know ░░░░░░░░ where it is So ░░░░░░░░ re not you re ░░░░░░░░ tempted to think oh ░░░░░░░░ think this model or ░░░░░░░░ estimate is right You ░░░░░░░░ have to be open ░░░░░░░░ you know the empirical ░░░░░░░░ that are coming in ░░░░░░░░ ends Lawrence Fed speak ░░░░░░░░ there is no clarity ░░░░░░░░ to where they re ░░░░░░░░ going the Federal Reserve ░░░░░░░░ this rate cut cycle ░░░░░░░░ where they may end ░░░░░░░░ from this rate cut ░░░░░░░░ something the markets obviously ░░░░░░░░ t like as well ░░░░░░░░ to you, Larry.”