Summary of Breitbart Business Digest: Democrat Senators Demand Super-Sized Rate Cut
Summary of Breitbart Business Digest: Democrat Senators Demand Super-Sized Rate Cut
Prominent Democrats are urging the Federal Reserve for a large interest rate cut to prevent an economic downturn, but such a drastic move is rare and could indicate a lack of confidence in the current economy. Wall Street predicts a smaller cut and warns that a significant cut could lead to complications in the future. The request for a big cut may be more about political positioning than actual economic necessity, potentially serving as a safeguard for the senators in case of a future downturn.
quoting nevent1q…r5mwBreitbart Business Digest: Democrat Senators Demand Super-Sized Rate Cut
If the Biden-Harris administration's policies are not hurting the economy, why are prominent Democrats urging the Federal Reserve to announce a super-sized interest rate cut? The post Breitbart Business Digest: Democrat Senators Demand Super-Sized Rate Cut appeared first on Breitbart.
https://www.breitbart.com/economy/2024/09/16/breitbart-business-digest-democrat-senators-demand-super-sized-rate-cut/
Prominent Democrats are urging the Federal Reserve for a large interest rate cut to prevent an economic downturn, but such a drastic move is rare and could indicate a lack of confidence in the current economy. Wall Street predicts a smaller cut and warns that a significant cut could lead to complications in the future. The request for a big cut may be more about political positioning than actual economic necessity, potentially serving as a safeguard for the senators in case of a future downturn.