Why the Chance of the Fed Cutting Interest Rates Increased Tonight

By Matt Vespa 

 

Federal Reserve Chair ‘Too Late’ Jerome Powell has been a thorn in President Trump’s economic agenda. He doesn’t want to cut the rates, despite ample signs that inflation has stabilized. The tariffs have not wrecked the economy, but he remains defiant, creating immense tensions between the Fed and the White House. Powell did signal that he could cut rates in September. Now, the chance of that has increased with the firing of Federal Reserve Governor Lisa Cook, who’s been criminally referred on suspicion of mortgage fraud (via NBC News):

READ FULL ARTICLE HERE… (townhall.com)

 

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