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Biden: Fed should be discouraged from raising interest rates

Summary:
Implies at least a hold for election year… for now…Hey, I thought Biden always said he respected the Fed’s independence. What gives?“Biden said the Federal Reserve should be discouraged from raising interest rates, in rare comments from the president on central bank policy making” https://t.co/9SnBThvJWU via @bpolitics— Judy Shelton (@judyshel) December 9, 2023

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Implies at least a hold for election year… for now…





Mike Norman
Mike Norman is an economist and veteran trader whose career has spanned over 30 years on Wall Street. He is a former member and trader on the CME, NYMEX, COMEX and NYFE and he managed money for one of the largest hedge funds and ran a prop trading desk for Credit Suisse.

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