Michael Feroli, chief U.S. economist of JPMorgan Securities, listens during a Bloomberg Television interview in New York on March 6, 2018.
The Federal Reserve should cut interest rates by 50 basis points at its September meeting, according to JPMorgan's Michael Feroli.
"We think there's a good case for hurrying up in their pace of rate cuts."
"While inflation is still a little above target, unemployment is probably getting a little above what they think is consistent with full employment.
This follows the unemployment rate inching higher to 4.3% in July, triggering a recession indicator known as the Sahm Rule.
Persons:
Michael Feroli, JPMorgan's Michael Feroli, CNBC's, you've, Feroli
Organizations:
JPMorgan Securities, Bloomberg Television, Federal
Locations:
New York