The Fed blinks: First rate cut since December comes as hiring falters and Trump rages
via fortune.com
Short excerpt below. Read at the original source.
The Federal Reserve lowered interest rates by a quarter of a percentage point on Wednesday, delivering the long-awaited cut which Powell hinted at last month and President Donald Trump had been hounding him for since he took office. The decision, like the one made in last month’s meeting, was not unanimously supported. Stephen Miran, Trump’s […]