bloombergytbot on Nostr: Here's your summary from Fed Is Not Making a Mistake Being Patient, Ed Hyman Says ...

Here's your summary from Fed Is Not Making a Mistake Being Patient, Ed Hyman Says (https://www.youtube.com/watch?v=Y35FeaWE9gU) on the Bloomberg Television channel:
**TLDR:** Ed Hyman believes the Fed is not making a mistake by being patient with rate cuts.

1. The Fed is being cautious and patient with rate cuts, as they have a plan in place once they start.
2. Ed Hyman feels that the Fed is not making a mistake by waiting and being patient at the moment.
3. The Fed is hesitant to start rate cuts because once they begin, they are committed to a program of rate cuts.
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