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Analysis: Fed Rate Cut Under Trump's Shadow May Become Ineffective
Summary: Amid rumors, Federal Reserve officials are preparing to cut rates again next week, but any boost to the economy may take longer than usual to materialize and could be weakened by factors beyond the control of monetary policy. Under these dark clouds, Fed policy may now take up to 18 months to have a typical ...
Amid rumors, Federal Reserve officials are preparing to cut rates again next week, but any boost to the economy may take longer than usual to materialize and could be weakened by factors beyond the control of monetary policy. Under these dark clouds, Fed policy may now take up to 18 months to have a typical impact on consumers and businesses, and may no longer be applicable in the current economy. ISM Manufacturing Survey Chair Susan Spence stated, 'Businesses are certainly interested in lowering capital costs, but with tariffs, it's like a dark cloud hanging over everything.'
