NEWSFAX
A Commentary on the News
From a Christian Perspective
Most economists believe the Federal Reserve (Jerome Powell) will decide against lowering interest rates after the agency’s policy making meeting concludes Wednesday, despite pressure from President Donald Trump in recent months, as two governors may cast the first pair of dissenting votes since the 1990s.
Economists have placed 96% odds the Fed holds interest rates after the Federal Open Market Committee meeting ends Wednesday, according to FactSet, as the agency has maintained rates in a range of 4.25% to 4.5% since December 2024.
Morgan Stanley wrote in a note last week suggesting Fed Chair Jerome Powell will “emphasize patience” in a decision to not lower interest rates and point to “considerable uncertainty” that Trump’s tariffs will disrupt the economic outlook.
My Comment: Fed Chair, Jerome Powell, has politicized his office by not lowering interest rates because he doesn’t like Trump’s strong conservative views. Trump says Powell’s ineptness is costing Americans a trillion dollars each year. He must go!
Hal Mitchell