Jerome Powell, arguably one of the worst and most politicized leaders of the Fed in history, announced on Wednesday that he will not drop rates to help lift the economy despite the recent excellent economic news. Powell and the Fed will keep interest rates at 4.25% to 4.5%, according to USA Today. Powell told reporters the “economy is doing fine,” but “the right thing to do is to await further clarity.” What a disaster. President Trump slammed the failed Federal Reserve Chair Jerome Powell in April after Powell hinted at delaying interest rate cuts. Trump called for Powell’s termination before he does any more damage to the lives of tens of millions of American workers. President Trump: The ECB is expected to cut interest rates…
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