FED Lowers Rates For Scamala -But it's NOT Political?
Federal Reserve Chairman Jerome Powell and his gang delivered an interest rate cut of 50 basis points. Some Democrats in Congress wanted 75, but a Republican Senator accused Powell of prioritizing politics over economics.
One Fed Governor, Miki Bowman, did not go along with Powell, claiming rates should not be lowered so close to a presidential election. For over 10 months people have been calling for a rate cut, but the fact that it happened now creates an appearance that the Fed is tipping the balance in favor of Kamala Harris.
Speaking of Kamala, her father was a Marxist economics professor. She seems to have inherited his Marxism and little of his economic intelligence.
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