Trump, the Fed, and the Fight Over Interest Rates
On this week's episode of THE FINANCIAL COMMUTE, Wealth Advisor Mike Rudow joins Chris to discuss the Fed's decision to keep rates high.
Here are some key takeaways:
Trump recently criticized the Fed for keeping rates high and hinted at wanting to replace Powell.
Inflation has been stubbornly high, making it risky for the Fed to cut rates prematurely.
Chris says the Fed is in a difficult position right now as the economy is slowing, tariffs are creating uncertainty, unemployment might be ticking up, and inflation may continue to rise.
Trump wants rates to come down because it could help…
The skinny
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