Jerome Powell's Shocking Statement Isn't Just Reckless—It's Not Legal

The Federal Reserve refused to cut interest rates last week, signaling continued policy restraint and an apparent prioritization of past inflation over current economic conditions. The author argues this decision is wrong and suggests the Fed's hawkish stance could undermine growth and market sentiment going forward.

Analysis

The Federal Reserve refused to cut interest rates last week, signaling continued policy restraint and an apparent prioritization of past inflation over current economic conditions. The author argues this decision is wrong and suggests the Fed's hawkish stance could undermine growth and market sentiment going forward.