The Fed’s credibility is at stake as it looks to cut rates under pressure from a vocal president

The Fed’s credibility is at stake as it looks to cut rates under pressure from a vocal president

If the Federal Reserve fulfills expectations and cuts interest rates Wednesday, it will have to convince the public it is doing so to preserve economic growth and not kowtowing to a very vocal president who is demanding looser monetary policy.
The Federal Open Market Committee and Chairman Jerome Powell have a delicate balance to strike if they approve what markets are betting is a 25 basis point…

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