Reported 29 days ago
Despite President Trump's call for the Federal Reserve to drastically cut interest rates to 1%, the Fed has kept rates steady at 4.25% to 4.5%. Supporters argue that lower rates would benefit consumers and businesses; however, critics warn that such pressure could lead to inflation, market instability, and damage the Fed's independence. Economists emphasize that a rapid cut in rates might not ease borrowing costs due to rising bond yields, potentially leading to long-term economic issues.
Source: YAHOO