US Fed Will Not Be Swayed By Trump’s Pressure For Rate Cut: Richard Harris
  • WebDesk BTVI
  • Jul 23 2019

With just about a week left until the next FOMC’s policy-setting meeting, US President Donald Trump has strongly urged that the central bank cut interest rates in a series of tweets Monday morning. Richard Harris, Founder & CEO, Port Shelter Investment, thinks the US Federal Reserve will not be swayed by the Trump's comments, and will take the independent course. He thinks the Fed might cut rates by 25 basis points, if at all it does, but added that it's still a 50-50 chance. Here's more.