Thus occurred the most pointless rate cut in Fed history – easing rates in a “healthy” economy pretty much at full employment with a “favourable” outlook, where the only real problem is massively inflated financial asset bubbles. The effect will be to juice already distorted financial assets higher. Marvellous (US readers – sarcasm alert).
https://www.zerohedge.com/news/2019-08-01/blain-was-most-pointless-rate-cut-fed-history
