Fed should cut rates but they're weighing inflation more than employment, says Apollo's Torsten Slok
CNBC Televisionยท2025-08-15 20:30
I want to welcome in Torson Slo. He's partner and chief economist at Apollo. He's here with us at Post Nights.Good to see you. Welcome to our program. >> Thanks for having me.>> What does pretend Fed President Sllo do in September. What would your vote be. >> Well, the challenge here is that the dual mandate is of course very torn.On the one hand, inflation is going up as we saw in the PPI data. And when inflation is going up, the Fed should be hiking. On the other hand, the employment report for July was v ...