The rate cut could be temporary, but in these times of crisis, I think it's not inappropriate,
More Quotes from Sung Sohn:
More and more jobs, both manufacturing and service jobs are sent overseas these jobs won't come back any time soon.Sung Sohn
Inflation is not an issue right now. However, it could be in the future. The Fed will begin to worry about inflation because monetary policy affects the inflation rate with a lag of as much as 18 months to two years, so they need to worry about it now.
Sung Sohn
Unless the labor market gains some steam and momentum, both real income and confidence of consumers would be hurt.
Sung Sohn
If prices remain where they are, and the rest of the economy performs well, that won't be the end of the world,
Sung Sohn
Both consumer and business confidence is depressed because of uncertainty surrounding the war, ... If we can somehow bring closure to the war situation, I would expect confidence to improve dramatically, taking with it the economy and the stock market.
Sung Sohn
If there were a bubble in California and if it were to burst, that would be a national economic catastrophe.
Sung Sohn
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