Justin Lahart

speaker

1,185 appearances 22 recordings 1 series first heard Jul 2017 last heard Dec 2024

Justin Lahart’s voice in public audio — every appearance, attributed to the second.

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WSJ Your Money Briefing · Can Trump Fix Inflation? · 13 Dec 2024 podcast

So there is this sort of concern that if we have another bout of inflation, that it will work its way into expectations

And that would be harder for the Federal Reserve to contain.

There is a thought that cuts in short-term rates will bring mortgage rates down.

So definitely we could see more relief on that front.

We've already seen a significant amount, and we're starting to see that show up in housing.

Those are the rates that banks charge each other overnight.

But that affects like a whole constellation of what we think of as short-term rates.

The most direct way that you see it will be in the prime rate.

Prime rate is what banks charge.

They're sort of the best customers.

And there's a bunch of stuff that's attached to the prime rate.

So it'll be like prime plus X.

The economy is not really slowing all that much.

We're seeing some cooling in the labor market, but we're still adding jobs.

Looks as if in the third quarter, it will continue to be quite good.

So-

The Fed isn't cutting rates because the economy is falling apart.

The Fed is cutting rates because it can, because inflation has come down to the point where they're comfortable cutting rates.

Usually, the Fed is racing in with the net.

The economy is really showing signs of serious deterioration, or there's been some sort of shock, be it COVID,

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