Heard on the Street: With Trump's calls for easier money, the Federal Reserve runs the risk of looking as though it’s playing politics even if it’s not
The Federal Reserve went from steady interest-rate increases in 2018 to a pause to what traders reckon are better chances of a cut than a hike when it next decides to change short-term borrowing costs. Now President Trump says he would like not only to see rate cuts but also a resumption of the Fed’s bond-buying program that’s been credited with helping propel one of the longest bull markets in history.
Whether or not Mr. Trump’s unusual public pressure has played a role in the central bank’s recent shift, the Fed’s dovish...
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