What Will Happen When the Fed Finally Cuts Rates

All year all anyone has heard is the Fed and its rate cuts. Soft landings imply a little weakness but no worry, Jay Powell will cut rates once maybe twice and everything will be just fine. The only question is, why on earth does anyone believe this? The evidence and history of interest rate targeting - as you'll see - is indeed 100%, as in total failure. Rate cuts (like hikes) are pure superstition. 

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PBS Is the Fed going to cut interest rates? What was once a question of ‘when’ is now less certain
https://www.pbs.org/newshour/economy/is-the-fed-going-to-cut-interest-rates-what-was-once-a-question-of-when-is-now-less-certain

Morningstar We Expect GDP Growth to Weaken Until Fed Starts Cutting Interest Rates
https://www.morningstar.com/economy/we-expect-gdp-growth-weaken-until-fed-starts-cutting-interest-rates

FOMC Transcript March 1991
https://www.federalreserve.gov/monetarypolicy/files/FOMC19910326meeting.pdf

Remarks by Chairman Alan Greenspan
Rules vs. discretionary monetary policy
At the 15th Anniversary Conference of the Center for Economic Policy Research at Stanford University, Stanford, California
September 5, 1997
https://www.federalreserve.gov/boarddocs/speeches/1997/19970905.htm

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