Fed chief nears critical decision on rate cut
By Sylvan Lane
The Federal Reserve and its chairman, Jerome Powell, are under growing pressure from President Trump and Wall Street to slash interest rates. While the U.S. economy continues to grow and enjoy low unemployment, Trump’s escalating trade battles and recent signs of slowness in key economic data have left investors anxious. …“The Fed has to wrestle with not only all of the uncertainty that’s in the market because of the trade battles but an unprecedented amount of political risk,” said Karen Shaw Petrou, managing partner at Federal Financial Analytics.