WILL LOWER RATES ADDRESS WEAK EMPLOYMENT GROWTH? YARDENI SAYS NO Yardeni Research questioned whether recent Federal Reserve rate cuts can fix slowing U.S. employment growth, arguing the economy is driven by strong productivity rather than weak demand. Real GDP surged in recent quarters despite flat hours worked, implying sharp productivity gains. Consumer spending and corporate profits remain robust, while inflation is still above target. Yardeni doubts that lower rates can resolve payroll weakness caused by skills mismatches and AI-driven efficiency, warning that easier policy may instead fuel asset inflation and delay a return to 2% inflation.(*Walter Bloomberg)