The Federal Reserve gives Trump and Wall Street what it has been begging for….
With the cuts?
The Fed said it’s worried about the softening US Economy ….
As an American consumer you may….or may NOT see consumer interest drop much…..
Trump appointed a member to the sitting board and has been unable to get rid of another….
“It’s not a bad economy or anything like that,” Powell said during a news conference. “But from a policy standpoint … it’s challenging to know what to do.”
The newest appointee to the Fed board, Stephen Miran, a top economic adviser to President Donald Trump, was the only Fed official to dissent, favoring a larger rate cut.
Wednesday’s well-telegraphed cut, which lowers the central bank’s benchmark rate to a range of 4 percent to 4.25 percent, is unlikely to bring much relief to borrowers…..
Former President Obama’s assertion that the nation is in the middle of a “political crisis” is one of his strongest interventions in recent times — and is itself a demonstration of how much American reactions to the wake of Charlie Kirk’s killing have split along predictable lines.
Obama contended that the country was at an “inflection point” during his remarks Tuesday evening….
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