Fed policymakers on Wednesday are widely expected to cut interest rates for the third time since July
. But positive headlines, largely driven by Trump’s preliminary trade deal with China, could lead the central bank to tap the brakes on any further decreases until there’s evidence that the economy really needs yet another boost.is leaning on the central bank to take bolder steps to stimulate growth as he heads into a bruising reelection campaign. It’s not going to happen, at least right now.
“The way to get the Fed’s attention again means threatening to fire Powell, but he seems to have backed off of that,” said Sarah Binder, a political science professor at George Washington University. “He doesn’t really get any pickup from Republicans on the Hill.” “The way to do it might be through infrastructure, but no one seems to think that’s a serious possibility,” she added.
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