Trump Gets Gift from Fed Chair as Economy Remains Wobbly Despite Rate Cut Expectations
President Donald Trump is expected to receive a long-awaited gift from the Federal Reserve with lower interest rates for the second consecutive month, addressing his concerns about the economy's stability.
President Donald Trump is expected to receive a long-awaited gift from America's central bank today: lower interest rates for the second consecutive month. The move is seen as a concession to Trump's demands and comes amid economic uncertainty, with some experts warning that the economy remains wobbly despite the rate cuts. The decision is likely to boost consumer spending and business investment, but its impact on inflation and long-term growth is still uncertain. The Fed's actions may also embolden other countries to lower their interest rates, potentially destabilizing global financial markets.