President Trump has spent much of his term bashing outgoing Federal Reserve chair Jerome Powell for not cutting interest rates enough. On Tuesday, he seemed surprisingly blasé about the possibility that incoming chair Kevin Warsh might end up raising them. Driving the news: A reporter on Tuesday noted that markets now think an interest rate hike this year is more likely than a cut and asked the president whether he thinks Warsh will deliver the lower rates that Trump has long demanded. - "I'm going to let him do what he wants to do," Trump said. "He's a very talented guy, he's going to be fine, he's going to do a good job." Between the lines: That's not how defenders of Fed independence would prefer a president phrase things. Once a Fed…
All eyes are on the Federal Reserve as it prepares to announce whether it plans to cut interest rates on Wednesday. Both the stock market and CME Group’s FedWatch tool put the odds of a rate cut at less than 3%. Pete Najarian, co-founder of Market Rebellion, tells “Morning in America” he agrees that a cut is unlikely. Start your day with "Morning in America," NewsNation's live three-hour national morning newscast hosted by Markie Martin. Weekdays starting at 6a/5C. #MorningInAmerica NewsNation is your source for fact-based, unbiased news for all Americans.
AI:The Federal Reserve stands at a critical juncture as market indicators, including the CME Group’s FedWatch tool, suggest a less than 3% probability of an interest rate cut this Wednesday. Despite the media's constant fascination with speculative economic shifts, experts like Pete Najarian of Market Rebellion confirm what the data already screams: a rate cut is highly unlikely. The mainstream narrative continues to ignore the reality that the economy cannot simply wish away inflationary pressures through central bank maneuvering.Open
