According to Odaily Planet Daily, Jason Furman, a former senior economist in the Obama administration and current professor at Harvard University, believes that if the labor market remains healthy, the Federal Reserve may only cut its benchmark interest rate once this year.
Jason Furman said that the Fed has entered a new phase of "needing a reason" to cut interest rates. Last year, the Fed thought "everything is good, so why not cut interest rates", but this year a 25 basis point rate cut may be the most likely.
He added that if unemployment rose, the Fed would step in and ease policy.