Jerome Powell: The Fed is not expecting a recession for the U.S. or the global economy
today: "The Fed should lower rates. They were WAY too early to raise, and Way too late to cut,... Where did I find this guy Jerome?!”
Powell, who was appointed chairman by Trump, also strongly pushed back on the notion that the central bank should seek to influence the 2020 presidential election, a suggestion“The answer would be a hard no,” he said. Powell said he and his Fed colleagues “would not tolerate” any effort to include political factors in their policy deliberations. “We serve all Americans regardless of their political party,” he said.
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