Trump, Fed and Jerome Powell
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Some Fed watchers are looking at the September FOMC meeting for the next rate cut, pending the outcome of tariff inflation and the unemployment rate. A 12-0 vote to hold interest rates steady would be a powerful signal of a strong conviction among the members of the FOMC.
President Trump argues that the Federal Reserve should cut interest rates to make buying a house cheaper. Former Labor Secretary Robert Reich warns that could backfire.