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The White House Wants The Fed To Cut Interest Rates

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According to Business Insider, Top White House brass, including President Donald Trump and Vice President Mike Pence, have recently called for the Fed to cut interest rates. While the economy maybe roaring, and the unemployment rate maybe down to 3.6%, it’s lowest since December 1969, Wall Street doesn’t think it’s a good idea to cut interest rates. Some of the world's greatest investors and economists pushed back against the need for rate cuts, saying inflation will start to pick up again in the near future and the Fed will just have to act to increase rates again.

Added on the 03/05/2019 16:59:58 - Copyright : Wochit

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