Source: RealClearPolitics
by Kyle Moran
“Wednesday afternoon, the Federal Reserve cut interest rates by another 25 basis points in a move The Wall Street Journal described as aimed at preventing ‘a recent slowdown in hiring from turning into something more serious.’ To their credit, they can at least see what’s going on in terms of hiring slowdowns and, more recently, layoffs. The day before this decision was announced, Amazon announced 14,000 white collar layoffs – the opening salvo that would ultimately scrap as many as 30,000 corporate positions. What the Fed is getting badly wrong is that the historic link between corporate expansion and hiring has been severed – permanently. For generations, an expanding economy generally meant rising living standards, wages, and so on. That transformation wasn’t always smooth, but generally speaking, a rising tide lifted all boats. That relationship no longer exists.” (10/30/25)