Fed's Powell Mulls Rate Cut Amid Inflation Concerns

Federal Reserve Chair Jerome Powell is expected to approve another small interest rate cut this week, despite concerns about inflation. The Fed has already made two cuts, but theres growing disagreement within the Fed about a third cut due to a lack of fresh economic data from the recent government shutdown. Economists predict the Fed will pause after this weeks cut, then make two more reductions in 2020. Meanwhile, President Trump is expected to name a successor to Powell soon, causing worry among investors about potential rate cuts at Trumps direction. Central bank decisions from various countries and global developments will also shape the economic landscape in the coming weeks.The Daily News Now! — Every city. Every story. AI-powered. Hosted on Acast. See acast.com/privacy for more information.