Latest / Prestons Super Show / The Federal Reserve Cut Interest Rates 25BPS
Transcript
- 0:00The Federal Reserve has cut interest rates 25 basis points.
- 0:05This is the third rate cut of the year.
- 0:09Trump said. They should have doubled it.
- 0:12That should be the last interest rate cut of the year.
- 0:16Jerome Powell, who's running the Federal Reserve, believes this
- 0:21may be the last one for quite some time.
- 0:26Depending how the Supreme Court case goes concerning Trump
- 0:29firing anyone at an independent agency, this could be the last
- 0:34time we see Jerome Powell running the Fed.
- 0:39Silver has been soaring before the last interest rate cut and
- 0:44now after this 25 basis point cut, the price of silver and
- 0:50precious metals continues to no no bounds.