FEDERAL RESERVE

Fed Rate Cut Bails Out Trump For Policies That Are Slowing The Economy

Jerome powell
The cut sends a message to financial markets and households that the Fed stands ready to give the economy a boost should it slow further. Given that it’s forced to do so by Trump’s own policies, the central bank is essentially signaling it’s now the administration’s insurer of last resort.
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Fed Chief Powell Expresses Concern Over Mounting US Debt

Federal Reserve Chief Jerome Powell has expressed concern about the mounting U.S. national debt. Testifying to a Congress Banking Committee, he said the federal government is moving on an unsustainable fiscal path leading to the escalation of debt as a percentage of the GDP.

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