Reported 7 months ago
As investors anticipate Federal Reserve Chair Jerome Powell's press conference, there is increasing political pressure on the central bank to implement rate cuts. Democratic policymakers have sent letters urging Powell to lower interest rates, with Yahoo Finance's Rick Newman providing insights on the political challenges facing the Fed. Despite the pressure, Powell is known to make decisions based on what he deems necessary, and while rate cuts may be on the horizon due to favorable inflation numbers, they are not expected imminently.
Source: YAHOO