Welcome to DU!
The truly grassroots left-of-center political community where regular people, not algorithms, drive the discussions and set the standards.
Join the community:
Create a free account
Support DU (and get rid of ads!):
Become a Star Member
Latest Breaking News
Editorials & Other Articles
General Discussion
The DU Lounge
All Forums
Issue Forums
Culture Forums
Alliance Forums
Region Forums
Support Forums
Help & Search
JPMorgan issues stark warning on Fed interest-rate cut [View all]
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
2 replies
= new reply since forum marked as read
= new reply since forum marked as read