Fed Keeps Interest Rates Unchanged

Episode Transcript

Speaker 1 (00:00):
Federal Reserve Chair Jerome Powell says there is still too
much uncertainty in the economy, so rates will stay where
they are for at least another month. But financial planner
Richard rosso questions the Fed's motives.

Speaker 2 (00:09):
Whether it's employment numbers, wage growth.

Speaker 3 (00:12):
Even the pace of inflation is heading lower. All of
that looks really.

Speaker 2 (00:16):
Good at the Fed.

Speaker 4 (00:17):
They have to look at maximum employment and inflation. Well,
guess what this year for inflation indicator they use is
lower than when they lowered.

Speaker 1 (00:24):
Rates last year, Rossoll bridiccks will only get one or
two rate cuts at the most before the end of
the year. President Trump has urged the Fed to cut rates,
but to no avail. Corey Olsen New's Radio seven forty
KTRH