If you were around during the 1980s, I dare you to listen to Talking Heads’ “Life During Wartime,” released in 1979, and not get a little pep in your step.
The chorus of that song, part of which is the title of this article, was running through my head as I listened to Federal Reserve Chair (for now) Jerome Powell answer questions from reporters. It was not “just another” meeting after a Fed interest rate decision. Because the Federal Open Market Committee (FOMC) decided to cut rates for the first time since December 2024.
