Quarter point reduction comes amid concern of political pressure on the independent central bank from the Trump administration
Before Fed chair Jerome Powell can expand on the Fed’s decision in his 2:30 pm ET press conference, right now we just have the Fed’s statement on its rate cut to parse through why officials voted for a cut.
Notably, the Fed’s rate-setting board took note of the jobs market.
Continue reading…Quarter point reduction comes amid concern of political pressure on the independent central bank from the Trump administrationBefore Fed chair Jerome Powell can expand on the Fed’s decision in his 2:30 pm ET press conference, right now we just have the Fed’s statement on its rate cut to parse through why officials voted for a cut.Notably, the Fed’s rate-setting board took note of the jobs market. Continue reading…
