Trump slams Powell and Fed ahead of meeting, calls for 'big' rate cut
Reminder that locals oppose the bold move to keep the economy running at full speed . . .
"Besides unsettling some market pros, the Fed is also expected to face opposition from within, with at least two Fed presidents again dissenting to a rate cut. At the last meeting, Kansas City Fed President Esther George and Boston Fed President Eric Rosengren, objected to the first cut on the grounds it was unwarranted given the strength of the economy."
More than anything else, this bit of economic news impacts local financial fortunes. Read more:
The Fed is expected to cut rates Wednesday, but it is unlikely to tell markets what they want to hear on future rate cuts.