UBS On-Air: Paul Donovan Daily Audio 'Can anyone argue for rate cuts?'

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Recorded18 Jul 2025

Publishersecure.ubs.com

Handlerec:4542583

Show notes

After this week’s events, the question is whether anyone can advocate for US rate cuts without being seen as a political puppet? Yesterday, Federal Reserve Governor Waller offered some (debatable, but valid) economic points in favor of US rate cuts, but the position is politically tainted. The problem for the Fed and markets is that the US administration’s policy continues to create considerable uncertainty about the economic outlook.

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