Trump calls on ‘Too Late Powell’ to cut interest rates
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While Fed Chair Jerome Powell suggested it’s in a “good position” to act decisively if necessary, some economists worry this approach could make the central bank slow to respond to a downturn. Consumer sentiment has plummeted amid trade policy uncertainty,
Risks of higher unemployment and higher inflation have risen, according to the Federal Reserve. Those factors may prompt stagflation.
Federal Reserve Chair Jerome Powell won’t cut interest rates today, but he might sometime soon. No matter what, he’s in a no-win situation.
The markets have come around to the Federal Reserve chairman’s cautious approach to lowering interest rates. President Trump could be a tougher convert.
The Fed is now hemmed in by a rising risk of stagflation. It doesn‘t know where the economy is headed, or is unwilling to take a position. At this point, “hope
Markets had a positive week, with the major indexes advancing in the +3% range despite a slowing economy and less than stellar corporate reports.
An analysis by Goldman Sachs finds that reducing the independence of central banks like the Federal Reserve can contribute to higher inflation, lower stock prices and a weaker currency.
U.S. economic conditions have not shifted in a material way despite looming tariffs, which will allow Federal Reserve Chair Jerome Powell to reiterate his patient approach on policy next Wednesday, according to TD Securities strategists.
Federal Reserve Chair Jerome Powell addresses the Economic Club of Chicago at a luncheon at the Hilton last month in Chicago. Powell shared his view of the current state of the U.S. economy, saying that the country’s debt is “on an unsustainable path, not at an unsustainable level.” Audrey Richardson Chicago Tribune/TNS