Now to See How the Fed Deals With All the Pressure
The Trump effect shouldn’t lead to a cut, though there may be some healthy dissent.
The betting’s on Powell.
Photographer: Chip Somodevilla/Getty
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The day is almost here when Jerome Powell gets his own platform to explain why the fed funds rate is where it is. Despite the drama of the last month, as the White House and administration officials have attacked him for being “too late” to cut rates, it isn’t such a difficult task.