The Fed prepares to take its biggest economic gamble in years

Source: Heather Long, Washington Post (Paid Registration)

The Federal Reserve this week is all but certain to cut interest rates despite unemployment being at historic lows, a highly unusual action that is shaping up to be the biggest gamble of Fed Chair Jerome H. Powell’s brief tenure as leader of the world’s most powerful economic institution.

Some economists, Fed officials and people on Main Street say the Fed’s action will benefit the stock market more than the real economy. And they argue cutting rates would introduce risks that could worsen the next downturn.

Read Full Article: The Fed prepares to take its biggest economic gamble in years

 

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