 So while history isn't much of a guide, some research does indicate that rate cuts don't help the job market as much as rate hikes hurt it. Michael Gapin at Bank of America says it's easier to pull back economic activity than it is to generate it. Meaning you could cut interest rates all you wanted, but you can't force a firm to hire. You can't force a household to spend. You know the old expression, you can lead an economy to a punch bowl, but you can't make it drink. I'm Matt Levin for Marketplace.