June 4, 2019

THE FED VS. TRUMPONOMICS:

Stocks Jump as Fed's Powell Suggests Rates Could Come Down (Jeanna Smialek and Matt Phillips, June 4, 2019, NY Times)

The Federal Reserve chairman, Jerome H. Powell, said on Tuesday that the central bank was prepared to act to sustain the economic expansion if President Trump's trade war weakened the economy. His remarks sent stocks soaring as investors predicted a cut in interest rates.

Posted by at June 4, 2019 6:04 PM

  

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