The Federal Reserve cut interest rates this week by a quarter of a percentage point, a move aimed at boosting investment and job growth.
While the weak job market makes a strong case for easing rates, current economic conditions and examples from the past three decades suggest the move may not be enough to turn the economy around. Federal Reserve Chair Jerome Powell described the current situation as unusual.
What makes it unusual is first that inflation has been a little bit stubborn, said Dr. Wafa Hakim Orman, associate dean of the College of Business at the University of Alabama in Huntsville.
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Orman said wildly fluctuating tariff policies have prevented inflation from reaching the Feder