Even Wall Street Journal Editorial Gets The Joke: Fed Is Cutting Rates Because It Fears Trump & The Robo-Traders

Chairman Jay Powell likes to say the Fed’s decisions are “data dependent,” but to us it looks more like the central bank is dependent on no particular data at all. This contributes to the suspicion in markets that the Fed is really trying to accommodate Mr. Trump’s public demands for rate cuts.

 

 

 

 

 

 

https://www.wsj.com/articles/the-confusing-federal-reserve-11564442555?mod=hp_opin_pos_1

 

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