QUORUMCALL//GPT:
WARREN’S WARNING
• Democratic Senator Elizabeth Warren has warned the Federal Reserve that its decision to cut interest rates may pose a risk to the US economy.
THE WHY
• Warren argues that the current economic environment does not warrant a rate cut, and that doing so would leave the Fed with little to no ammunition to combat a future economic downturn.
MASSIVE MOVE
• This comes after President Trump called for a “massive” rate cut, which he believes would boost the economy, despite warnings from economists that such a move could lead to an economic bubble.
TOPICS COVERED
• #FederalReserve, #InterestRates, #Economy
SOURCE NOTE
• Fox Business is a financial news outlet known for its conservative perspective. The article is a balanced report of Senator Warren’s statement and its potential implications.