Lawmakers from both parties made it clear this week that the Federal Reserve chair would be criticized no matter what the central bank decides to do at its...
Lawmakers from both parties made something abundantly clear this week to Jerome Powell : The Fed is likely to be criticized no matter what it decides to do at its last meeting before the November election.another favorable inflation reading Thursday from the Consumer Price Index
The Ohio Democrat, who is currently locked in a tight re-election campaign, said "workers have too much to lose if the Fed overshoots the inflation target and causes a completely unnecessary recession." "Anything we do will be very well grounded," he added later. "It is just not appropriate for us to get into the business of thinking about election cycles at all."Before the closely watched September meeting, Powell and his colleagues on the Federal Open Market Committee will also meet at the end of this month on July 30-31.Such a move would then set up the closely watched Sept. 18-19 gathering where things are very different. As of Thursday evening, markets see only a 7.
Rep. Mike Lawler, a New York Republican, asked Powell whether he would acknowledge that a rate cut in September "could be viewed as political just 30-60 days before an election." That will literally be true. The Fed's November gathering is scheduled to kick off on the morning of November 6, just hours after the election voting sites close.'Deranged': Critics React To Trump's 'Fat Pig' Rally Rant
Zelenskyy says the problem with the coming F-16 fighter jets is the same one Ukraine had with the Abrams tanks
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