Trump wants Powell to cut rates by 3 points, saying each point would save $360 billion, but BlackRock predicts the Fed won’t comply.
Current US President Donald Trump wants Powell to cut rates by 3 points.
President Trump says each point will save America $360 billion.
Despite Trump's hopes for rate cuts, BlackRock does not think the Fed will comply.
All signs points to the Federal Reserve Board not complying to rate cuts.