'This was a MISTAKE': Kudlow calls out Fed rate cut uncertainty as Chair decision looms

Group 1 - The Federal Reserve's decision-making process regarding interest rates is currently uncertain, with a divided board on future actions, particularly for the December meeting [1][2][5] - Interest rates have been cut below 4% for the first time since 2022, indicating a significant shift in monetary policy [2][12] - Inflation rates remain above the Fed's target, with the most recent Consumer Price Index (CPI) showing a 3-month change of 3.6% and a 12-month change of 3.0%, both against a target of 2% [4][5] Group 2 - The labor market is showing signs of weakness, with significant layoffs announced by major companies like Amazon and UPS, raising concerns about job creation [19][20] - The Fed's focus on job stability is critical, as there are indications that the labor market is not generating sufficient new jobs [17][21] - Deregulation and tax cuts are viewed as essential for stimulating economic growth and job creation, with a call for policies that support business expansion [12][22]