Is the Federal Reserve about to cave to Trump’s demand to cut interest rates?
Is the Federal Reserve about to cave to Trump’s demand to cut interest rates?
- June 18, 2019
- Gary Richardson, economics, in the Los Angeles Times, June 18, 2019
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Gary Richardson, a former Fed historian who teaches economics at UC Irvine, says the
Fed’s dilemma now is complicated by the fact that it doesn’t have a strong track record
of predicting how trade wars spill over into the economy. “There’s no tariffs or trade
war in their models,” he said. … “If they’re going to screw up, they’d rather lower
rates when they shouldn’t, instead of raising rates.”
For the full story, please visit https://www.latimes.com/politics/la-na-pol-fed-interest-rate-policy-conundrum-20190618-story.html.
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