Trumpeconomics is so bad for Americans that the Fed just “downgraded” Trump’s management of the US economy and refused his demands to cut interest rates, because their data says consumer spending is trending down, prices are moving up, as is unemployment, and the tariff impact on pricing hasn’t been felt yet. Michael Popok puts on his Wall Street hat to explain the 9-2 vote to keep rates steady, why it’s such a rebuke of Trump, and who were the 2 that voted to cut rates (spoiler alert: They were picked by Trump)!
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