Trump Says Powell & Fed Fail Again on Interest Rate Cut
September 18, 2019 at 14:30 PM EDT
As expected by many, Federal Reserve Chairman Jerome Powell announced the Fed cut interest rates by 25 basis points today. This brings the federal funds rate to 1.75-2.00%. The news of his move is consistent with the Fed’s “midcycle adjustment” that began in July. “Consistent with its statutory...