Fed Should Cut Rates by 50 Basis Points Now, Barclays’ Gapen Says

Date: 2019-06-19 22:29:53

[aoa id=’0′][dn_wp_yt_youtube_source type=”101″ id=”kQhBqtqtnME”][/aoa]

Jun.19 — Michael Gapen, Barclays chief U.S. economist, reacts to the Federal Reserve’s policy-setting Federal Open Market Committee leaving their key rate unchanged and indicating a readiness to cut rates for the first time in more than a decade. He speaks with Bloomberg’s Scarlet Fu and Tom Keene on “Bloomberg Markets.”