Federal Reserve Chairman#JeromePowell is all set to speak at the annual economic powwow in Jackson Hole later today. He is facing tremendous political pressure from President Donald Trump, and expectations from many investors, to deliver more rate cuts
Federal Reserve policymakers were deeply divided over whether to cut interest rates last month but were united in wanting to signal they were not on a preset path to more cuts. Read more:
US President Tweets: U.S. Economy Is Doing Really Well, Federal Reserve Can Easily Make It Record Setting Why Is U.S. Paying Much More In Interest Than Germany & Certain Other Countries Be Early For A Change, Not Late
....in the world, there is nobody even close, but unfortunately the same cannot be said about our Federal Reserve. They have called it wrong at every step of the way, and we are still winning. Can you imagine what would happen if they actually called it right?