It’s election season…..Powell has his marching orders not to raise rates, but to start cutting.
“not to raise rates, but to start cutting.”
hmmmmm ... is it that simple?
Do his Voters feel the effect of high interest rates?
OR do they feel the effect of high inflation more?
Yes rich leftys feel interest rates .... but I think they understand that they need the mobs to pull the cart right now.
When you get your money for free, you don’t care why.
But if that gas and cigs and 40 eats in to the crack budget ... it ticks you off.