Labor market can't cool 'too much more': Fmr. Fed Vice Chair

Blinder, now a Princeton University professor of economics and public affairs, suggests that while something"unusual" could happen in the four weeks leading up to the next Fed meeting, he anticipates a 25-basis-point cut in September if conditions remain stable., but we don't want to exaggerate this too much," indicating that the Fed still has an opportunity to correct course.

Uh, you know, there are a lot of numbers on inflation on consumer spending on, uh, pro, uh, production and so on.Which, of course, is one reason why I was back then back then, uh, advocating that they should cut interest rates.Yes, it's because more people are entering the labour force. It means that if the labour market should deteriorate more than he and the Fed now expect, there could be an acceleration of the interest rate cuts start doing fifties or something like that.

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