Powell sounds like he will announce a 0.25% interest rate drop in September.
First, Trump demanded Intel’s CEO quit.
Now he wants the United States to own 10% of the company. Huh?
The Dow jumped to a new record after Powell’s speech today. If interest rates drop enough to move money out of Money Market accounts and CDs, that will inflate Wall Street further. Then we’ll have a bubble, and look out when it bursts.