Bill Dudley, ex-NY Fed president advises Powell for immediate rate cut due to signs of consumer slowdown and rising unemployment, stating 'facts have changed, so I've changed my mind'.
Dudley highlights significant economic fissures like increased car repossessions and consumer loan delinquency rates, pushing for urgent Fed action.
While some doubt the severity of jobless rates, signs of economic strain prompt calls for quick Fed intervention to prevent further downturn.
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