A Defiant Chairman Powell Cuts Rates | Jack Farley & Max Wiethe

The Federal Reserve continued its course of interest rate cuts in the first FOMC

meeting following the election of Donald Trump and a defiant Chairman Powell strongly

rejected any notion that Trump’s presidency could affect the independence of the

Federal Reserve. Here, Jack Farley and Max Wiethe discuss the Fed’s move in light of

recent data, the stock market’s run both before and after Trump’s election, and their

outlooks for stocks and the economy moving forward. Recorded on November 7th , 2024.

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