Federal reserve Chairman Jerome Powell said this about today’s i

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West Wildwood - Federal reserve Chairman Jerome Powell said this about today’s interest rate cut, “Our economy is strong overall," Powell told reporters, arguing the move to cut the Fed's benchmark rate by 50 basis points was instead a way to try and ensure "strength in the labor market can be maintained" alongside economic growth. Trump is already lying and saying it’s a sign of a weak economy. If Trump was President he’d be bragging it was because of him they cut the rate and that proves the economy is strong. Btw, Powell is a Trump appointee and Trump said he only hires the best people.

Print Publication Date: 
9/25/2024
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