It's time to Brrr 🖨
No one expects the federal funds rate cut will be in July. After the assassination attempt against Donald Trump, he will likely be elected as the U.S. president.
While the U.S. Treasury has been increasing spending, the Fed has been independently conducting the monetary policies.
As far as I know, Powell, the chairman of the Fed, is a political person. He might make a political decision for Biden president.
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