Fed cut the rate for the third time. What is driving the cuts?

Question

Asked: October 30, 20192019-10-30T18:41:26+00:00 2019-10-30T18:41:26+00:00In: Business & Finance

14.29%The US economy is not doing well ( 6 voters )

9.52%Global weakness and China-US trade tariff playing its role ( 4 voters )

11.9%Fed is too much depedniing on the data ( 5 voters )

64.29%President Donald Trump pushing the Fed harder to keep cutting rates ( 27 voters )

Based On 42 Votes

It is the third cut in 2019 and Fed Chairman Jerome Powell called these cuts as a “midcycle adjustment” in a maturing economic expansion.

Sorry this question is closed.

Fauthority · Answer 1 · 2020-01-24T15:07:19+00:00

This question is now closed for further voting.