In this episode of Current Account, Clay is joined by IIF's Managing Director and Chief Economist, Marcello Estevão, to give an update on the Federal Reserve and discuss its recent decision to make a 25-basis point rate cut. Clay and Marcello begin by discussing the rate cut and what it signifies for the U.S. economy as a whole, including the state of inflation, unemployment and overall growth.

The discussion then shifts to answering forward-looking questions: What does this rate cut mean for the economy? How will this impact policymaking, wage pressure, and labor fragmentation?

Finally, Clay and Marcello discuss how the Fed - specifically Chair Jerome Powell - may view the labor market and what moves may come from other global markets following the most recent rate cut.

This IIF Podcast was hosted by Clay Lowery, Executive Vice President, Research and Policy, with production and research contributions from Christian Klein, Digital Graphics and Production Associate and Miranda Silverman, Senior Program Assistant.