This is a political call, nothing else.
The three:
Elizabeth Warren (D-Mass.), Sheldon Whitehouse (D-R.I.) John Hickenlooper (D-Colo.)
sent a letter to Federal Reserve Chair Powell.
“It is clearly the time for the Fed to cut rates. In fact, it may be too late: your delays have threatened the economy and left the Fed behind the curve” “Employment numbers adjust slowly, so the Fed should frontload rate cuts to avoid sliding towards a potential crisis,”
If there was ever a candidate letter for the circular file, this’d be it.
This article was written by Eamonn Sheridan at www.forexlive.com.
