Fed Cuts Rates In 7-3 Decision, IOER Tweaked, Committee Divided On Future Easing
Under withering criticism from the White House to deliver aggressive easing, the Fed on Wednesday cut rates for the second straight meeting.
The 25bp move will disappoint Donald Trump, who has advocated for deep cuts and earlier this month went so far as to call his Fed chair a "bonehead" in the course of demanding rates be cut to "zero or less".
Trump's exhortations come as polls suggest voters are concerned about the domestic economy and as the administration seeks to reclaim a competitive a
Empty-headed stupid boneheads!
Terrible communicator, no vision, no guts. Thank you for your attention on this matter. Sad.
Surely it’s just hilarious coincidence that the spike in right hand side of the graph of the Bloomberg Dollar Index (BBDYX) looks just like the hand sign Powell just gave trump.