Friday, November 08, 2024

YOU'RE FIRED! Federal Reserve Cuts Interest Rates by 25 Basis Points – Fed Chair Powell Says He Won’t Step Down if Trump Asks For His Resignation

The Federal Reserve cut interest rates by 25 basis points – or 0.25% – on Thursday after President Trump’s landslide victory.

The latest rate cut comes after the Fed slashed rates 50 basis points in September.

The benchmark rate is between 4.5% to 4.75%

Fed Chairman Jerome Powell told reporters on Thursday that he will not resign his position if Trump asks him to step down.

The ARROGANCE!

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