2 economists explain why the Fed should cut rates more than expected next month

U.S. Federal Reserve Board Chairman Jerome Powell speaks during a news conference following a meeting of the Federal Open Market Committee (FOMC) at the headquarters of the Federal Reserve on June 14, 2023 in Washington, DC. After a streak of ten interest rate increases, Powell announced that rates will remain steady and unchanged

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• Most investors on Wall Street are pricing in a 25-basis-point interest rate cut in September.
• But economist Claudia Sahm sees a strong case for a 50-basis-point cut...