U.S. Senator Elizabeth Warren pressured the Federal Reserve to cut interest rates by 75 basis points
2024-09-16 03:09:05
Many investors some economists academics fear the Federal Reserve havedesk3cryptocurrencydesktopCrypto News
Many investors and some economists worry that the Fed has waited too long, putting the labor market and economic growth on thin ice and injecting volatility into the financial marekt. The latter was evident in the Treasury market on Friday when traders abruptly resumed bets on a 50 basis point rate cut. November's presidential election has also put the Fed's decision-making in an unpleasant position. Republican candidate and former President Donald Trump has warned that the Fed should not cut rates before the election, while Democratic Senator Elizabeth Warren has pressured officials to cut rates by 75 basis points.
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