Trump, Fed and Jerome Powell
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Fed, rates and Tariff
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Amid all the mounting political pressure on the Federal Reserve to resume cutting interest rates, Chair Jay Powell is already overseeing the loosest financial conditions in the U.S. economy since before the central bank started hiking early in 2022.
President Trump argues the Federal Reserve should cut interest rates to make buying a house cheaper. Former Labor Secretary Robert Reich warns that could backfire.
With the possibility of Fed rate cuts looming, now is the time to make smart moves with your cash—earning great returns while they're still available.
"The Fed publishes something called a summary of economic projections, and it's pretty politically biased," Bessent said, summarizing the projections as forecasts for one to two quarter-point interest-rate cuts this year. President Donald Trump has demanded the Fed deliver an immediate 300 basis-point rate cut.
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Slashing government interest rates could have the paradoxical effect of raising the interest rates paid in the real world.
Reinout de Bock, head of European rates strategy at UBS Investment Bank discusses Fed policy amidst macroeconomic uncertainty, and analyses recent bond market moves.
DBS Bank remains constructive on gold despite the current wave of consolidation. There remains a multitude of long-term tailwinds for gold, Joanne Goh said.