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Jae Lawerence
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Jae LawerenceLevel 2
Asked: October 30, 20192019-10-30T18:41:26+00:00 2019-10-30T18:41:26+00:00In: Business & Finance

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

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Poll Results

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

Participate in Poll, Choose Your Answer.

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

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    Sorry this question is closed.

    1 Answer

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    1. Fauthority Level 3
      2020-01-24T15:07:19+00:00Added an answer on January 24, 2020 at

      This question is now closed for further voting.

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