But 2 of Federal Reserve board of governors vote for quarter-point cut
As expected, Jerome Powell, the chair of the Federal Reserve board of governors, on Wednesday left the interest rate unchanged, keeping the 4.25%-4.5% goal he’s demanded since the first of the year.
President Donald Trump has been calling for him to lower it.
And the pressure for a reduction, which likely would give the Trump economy another boost, grew earlier in the day when the government announced the second quarter GDP was 3%, “way better than expected.”
Would love to hear how Jerome Powell is going to spin not lowering interest rates now… pic.
