‘The Fed is Behind the Curve:’ Ramamurti on Jobs Report

Bharat Ramamurti, Senior Adviser for Economic Strategy at the American Economic Liberties Project & Former Deputy Director at the National Economic Council, discusses the July US jobs report that showed the US unemployment rate at 4.3% and whether or not we are facing a hard landing. Ramamurti states that the Fed is behind the curve, and should have cut interest rates in July. He also talks about if the Fed will cut rates in September and if that will have any political implications. He speaks with Kailey Leinz and Joe Mathieu on Bloomberg’s “Balance of Power.” (Source: Bloomberg)