President Donald Trump has repeatedly attacked the Federal Reserve over interest rate policy and tried to appoint his political allies to its board, but why should you care? Because politicization of the Fed puts the entire U.S. economy at risk.
The Federal Reserve left its key interest rate unchanged Wednesday but signaled that it’s prepared to start cutting rates if needed to protect the U.S. economy from trade conflicts and other threats.
As the stock market sputtered, the local real estate market slowed dramatically. Now that the Federal Reserve has backed off plans to increase interest rates in 2019, real estate here and around the country has taken off again.
The Federal Reserve sent a stark message Wednesday: The economy is slowing. And it won’t be raising interest rates anytime soon.
