Too many bagholders from the earlier reversal wanting to get out when they have the chance. Geez, I sound like a friggin' CNBC anchor.
“ Donald Trump Urges the Federal Reserve to Cut Interest Rates! Discussion So, let me get this straight… tariffs were supposed to help the economy, but now we need lower interest rates to fix the economy because of tariffs?”
Well, if I were Jerome Powell, I wouldn't take that as just another friendly reminder from the POTUS. That's an outright threat. Supposing that Powell does follow through on Trump's threat and lower the rate, the question then is how will the market react? Don't ask me, I have enough problems of my own.