Fed’s Rate Cut Delay: Wise Move or Misstep?

The Federal Reserve Faces Pressure Over Delaying Interest Rate Cuts

The Federal Reserve, led by Chair Jerome Powell, has come under scrutiny for its hesitancy in cutting interest rates, with some arguing that it is risking a hard landing for the U.S. economy. Critics claim that high interest rates make housing less affordable, hamper clean-energy investments, and strain household balance sheets. Rakeen Mabud, chief economist at the Groundwork Collaborative, has called for immediate rate cuts, a sentiment shared by others.