The Fed should cut interest rates

Why the conventional economic wisdom is wrong about our current moment

The Federal Reserve building.
(Image credit: Illustrated | Camrocker/iStock, Screenshot/FRED)

By all accounts, the U.S. economy is booming. At 3.8 percent, unemployment is lower right now than it's been in decades. On Monday, both the S&P 500 and the Nasdaq set all-new record highs.

In the midst of this abundance, allow me to make a seemingly counterintuitive suggestion: The Federal Reserve should cut interest rates.

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Jeff Spross

Jeff Spross was the economics and business correspondent at TheWeek.com. He was previously a reporter at ThinkProgress.