The best move for the Fed right now would be to keep rates where they are and force congress to reverse the tariffs, anything else is way too damaging for lowered rates to fix.
Agreed, the FED really has no reason to do anything here.
They should and likely will let the new norm settle and move to QE and such once the damage is done.
What is done is done, and this is a world we are going to have to figure out how to operate in now.
This whole thing really highlights how our branch's checks-n-balances process that was built in is failing. Something with such a global impact should have been approved by the House and Senate. We see our house and Senate are 2 steps behind the executive branch's public addresses.
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u/CoughRock 23h ago
who's making these prediction for rate cut ? didn't jpowell explicitly said he's going to wait and see ?