Josh Brown calls Fed’s rate cut ‘ill thought out’ and done just ‘to make people feel better’

Josh Brown calls Fed’s rate cut ‘ill thought out’ and done just ‘to make people feel better’

Federal Reserve Chairman Jerome Powell speaks during a news conference in Washington, Wednesday, Oct. 30, 2019.

Susan Walsh | AP

The market’s disregard for the Federal Reserve’s emergency interest rate cut doesn’t surprise Josh Brown, who called the decision “ill thought out.” 

“This is to make people feel better. OK, fine. So then do it the right way, don’t just drop it out at 10 a.m.…

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