Economists made a model of the U.S. economy. Our debt crashed the model

by Stacey Vanek Smith

“We cannot even model out a functioning long-term economy under current debt projections," said Jessica Riedl, an economist with the Manhattan Institute who studies the federal budget.

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"(FOMC members) want to see confirmation that inflation is coming down before they start cutting rates, and that is going to take some time,” said former Fed economist Claudia Sahm.

September Fed rate cut is not a sure thing, despite market behavior

Economyby Mitchell Hartman

Federal Reserve Chair Jay Powell has reiterated that rate decisions will be data-driven — by inflation, and employment.

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