The Fed Flips to ‘Wait and See’ in Ominous Challenge to Trump
US central bankers signaled little appetite for further rate cuts.
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I’m Chris Anstey , an economics editor in Boston, and today we’re looking at Fed reluctance about further monetary easing. Send us feedback and tips to ecodaily@bloomberg.net . And if you aren’t yet signed up to receive this newsletter, you can do so here .
After three straight interest-rate cuts, on top of last year’s triple play, Federal Reserve Chair Jerome Powell indicated Wednesday that US monetary policymakers are ready for a break.