Legendary investor shares bold take on Fed cut in December

The stock market hasn't had an easy time of it lately. The S&P 500 and Nasdaq Composite have retreated from their peaks in October amid growing concerns that the Federal Reserve is caught between its dual mandate to ensure low unemployment and inflation, two often conflicting goals. When the Fed raises its fed funds rate, it slows economic activity and inflation, but causes job losses. When it cuts rates, as it has recently, it boosts GDP but also causes inflation. The Fed's concerns over rising unemploy ...