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Business Rundown: Powell Gives Strongest Rate Cut Signal Yet
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After much anticipation from Wall Street of a September rate cut, on Friday at their annual economic summit, Fed Chair Jerome Powell announced “the time has come for policy to adjust.”
While Powell said he’s confident inflation is under control, many Americans are still concerned about its impact on their finances. At the Democratic National Convention, Vice President Harris called out her campaign’s policy plans to address issues like inflation and high grocery store prices.
The Big Money Show co-anchor Brian Brenberg spoke with former CKE Restaurants CEO and senior fellow at the America First Policy Institute, Andy Puzder, about why incremental rate cuts won’t deliver quick relief to the US economy and why he believes the Harris campaign’s economic plans could be disastrous.
Photo Credit: AP
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