With the economy on the line, the Fed prepares to take its biggest gamble in years

The Federal Reserve this week is all but certain to
cut interest rates despite unemployment being at historic lows, a highly
unusual action that is shaping up to be the biggest gamble of Fed Chair
Jerome H. Powell’s brief tenure as leader of the world’s most powerful
economic institution. Some economists, Fed officials and people on Main Street say the Fed’s
action will benefit the stock market more than the real economy. And
they argue cutting rates would introduce risks that could worsen the
next downturn.

Publisher: Washington Post | Author: Heather Long

TAGS
economy, federal reserve, jobs, and wall street
DATE PUBLISHED
2019-07-30 (Modified: 2019-07-30)

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https://www.washingtonpost.com/business/economy/as-it-faces-pressure-from-trump-and-investors-the-fed-prepares-to-take-its-biggest-gamble-in-years/2019/07/28/38edfc52-af22-11e9-a0c9-6d2d7818f3da_story.html?utm_term=.ba62154a582c

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