New York CNN —
The Federal Reserve is all but certain to hold interest rates steady at its meeting this week. But a growing crowd of economists — among them, former Fed Vice Chair Alan Blinder and Nobel prize-winner Paul Krugman — are urging central bankers to cut now rather than at September’s meeting, when it is widely expected to do so.
As Blinder put it in his Wall Street Journal op-ed this week: “Why wait?” But there’s an equally strong case to be made for the opposite question: Why not wait?
The argument Blinder and
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