I think the FED should just cut again in Sept in order to try and "stay ahead" of our weakening economy. If you wait too long and the economy cracks then a rate cut won't do much to stave of a recession. BUT there is only so much a rate cut will do. Multiple rate cut won't do much IMO because if the economy is going to crack then it's going to crack and a 1 pt cut or more won't do much to help. They should cut in Sept and see how that helps. I really don't see much risk in cutting because they can always just raise again and inflation is not a problem. The only risk is going into a bubble, which I am also ok with. The grand risk is that Trump will use all our stimulus bullets and turn us into Japan or the Eurozone (Japan has had zero rates for 20 years... stimulus does little over there, and the Eurozone had neg bond yields. Stimulus isn't doing much there) Trump has already run up deficits to unprecedented levels, scary levels, levels that pose a real threat to the future of our country. The worry is that Trump will panic, use all our stimulus, and turn us into Europe or Japan, and then China will have beaten us. Now we see why Trump has declared bankruptcy so many times, something tells me Trump's daddy won't be able to bailout the US government the way he bailed out Donald. I think the FED will cut in Sept but if they don't markets are going to dump badly.