It’s the million dollar question.
Now that Fed Chair Jerome Powell has spent a couple days answering questions on Capitol Hill, the world wants to know: Will there be a rate cut? Powell says he sees “an economy that’s in a good place,” but also sees business investment slowing, much of it based on uncertainties surrounding trade. Regarding interest rates, he said many of his colleagues believe “a somewhat more accommodative monetary policy may be appropriate.” Sure sounds like a cut is coming. But should the Fed cut rates? And if so, why?