Fed Will Cut Rates Again in September, Economist Girard Says

The transcript discusses the potential for the Federal Reserve to implement back-to-back rate cuts, depending on economic developments over the next six to seven weeks. The Fed acknowledges that their actions will be influenced by evolving financial conditions, which have supported the economy. If the Fed does not continue easing, the support from these conditions may disappear. Despite market skepticism, the Fed may be compelled to proceed with further rate cuts to maintain economic stability.

What might happen if the Fed does not deliver on the easing of financial conditions?

What is the speaker's view on the market's skepticism regarding the Fed's rate cuts?