Fed rate cuts are not 'magic bullets' that will fix the economy: Jim Thorne | Fox Business Video

Jim Thorne, the chief market strategist at Wellington-Altus Private Wealth, argues that recent interest rate cuts by the Federal Reserve are not sufficient to resolve the current economic challenges. He notes that the Fed was delayed in implementing these cuts and points out that the private sector is already facing a recession. Thorne believes that simply reducing rates won't act as a 'magic bullet' to fix the overall economy or stimulate growth as expected.