Fed Needs to Bring Down Rates 'A Little,' Moynihan Says

The transcript discusses the Federal Reserve's potential rate cut decision, considering the current economic strength and the need for a real rate structure across the curve. It highlights the importance of normalizing rates and the potential impact of global political events on the US economy. The discussion also provides historical context on Fed rates, suggesting that a 3-3.5% rate is typical, except in recent years.

What is the significance of having a positive slope in the yield curve?

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What historical context is provided regarding the Fed funds rate?

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