How Many Times Will the Fed Cut Rates?

The video discusses the strong market expectations for Fed rate cuts, with investors pricing in multiple cuts by January 2021. It examines the Fed's limited ability to support the economy from a low base and the potential need for non-traditional measures. The role of consumer spending as a key economic support is highlighted, alongside the risks of recession and the Fed's limited arsenal to counteract it.

In what ways might consumer spending be affected by the current economic conditions?

What are the potential consequences of a recession on the US economy according to the text?