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JPMorgan issues stark warning on Fed interest-rate cut
The Federal Reserve's expected interest-rate cut will increase risks for stocks, bonds, and the dollar if it's perceived to be driven by political pressure.
That's according to a Sept. 15 note from David Kelly, chief global strategist at J.P. Morgan Asset Management.
The Trump administration’s unprecedented attempt to control the Fed Board of Governors is causing grave concerns about the future independence of the U.S. central bank among economists and traders at home and abroad.
Stephen Miran won Senate approval Sept. 15 to join the Fed Board of Governors in time for the Federal Open Market Committee which meets Sept. 16-17.
https://www.msn.com/en-us/money/markets/jpmorgan-issues-stark-warning-on-fed-interest-rate-cut/ar-AA1MGbrH
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