Powell says fed insulated from politics, wrestling with rate cuts

Credit: Rumble
Published on June 26, 2019 - Duration: 00:42s

Powell says fed insulated from politics, wrestling with rate cuts

According to Reuters, Federal Reserve Chairman Jerome Powell said the U.S. central bank is “insulated from short-term political pressures,” and that its policymakers are wrestling with whether to cut interest rates as President Donald Trump has demanded.

Powell said that “The Fed is insulated from short-term political pressures -what is often referred to as our ‘independence." Powell added that he and his colleagues are “grappling” with whether current risks to the economy warrant a rate cut.

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Powell Says Fed Insulated From Politics, Wrestling With Rate Cuts 00:42
Credit: Wochit - Published on June 26, 2019 

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