How a former Fed vice chair would approach rate cuts

Darian Woods and Stephen Massaha discuss the Federal Reserve's upcoming decision on interest rates amidst a government shutdown that has delayed key economic indicators. They interview Lael Brainard, former Vice Chair of the Federal Reserve, who explains the challenges of making economic decisions with incomplete data and suggests looking at private sector data and consumer sentiment surveys. Brainard advocates for one more interest rate cut, followed by a period of holding, to balance inflation control with preventing an economic downturn, while distinguishing between general price pressures and specific affordability issues that require different solutions.