Friday September 18, 2020

Fed's US rate cut may be the only one

A half-point move might compromise the Fed’s independence, creating the impression that the central bank was caving to President Donald Trump’s insistent calls for deeper cuts

31st July, 2019
Fed faces rate cut risks. Pic: Getty

Many see this as just the first step in a new stimulus policy aimed at supporting a fragile US economy. I’m not so sure. I think there’s a good chance the Fed won’t be cutting further anytime soon.

Some think this week’s cut in the key federal funds rate could be as large as half a percentage point. I don’t agree. There’s no consensus for such an aggressive move...

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