Fed expected to cut rates and Powell may have hard time appeasing critics inside and outside Fed

Fed expected to cut rates and Powell may have hard time appeasing critics inside and outside Fed

US Federal Reserve Chairman Jerome Powell speaks during a press conference after a Federal Open Market Committee meeting in Washington, DC on July 31, 2019.
Andrew Caballero-Reynolds | AFP | Getty Images

The Fed is expected to cut interest rates for the second time in a decade Wednesday, but Fed Chairman Jerome Powell is unlikely to deliver the message markets want to hear on plans for future…

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