This statement came from other media, and I believe it indicates that Powell is saying the national economy is doing well, firmly stating that there will be no interest rate cuts in July. But why does it feel different coming from Nick? Is it possible that Powell is "yielding"? Will there be interest rate cuts starting in July?
Nick Timiraos
Nick Timiraos26.7. klo 00.30
Trump on his meeting with Powell: "He said to me very strongly, 'The country is doing well.' He said, 'Congratulations, the country is doing really well.' And I got that to mean that I think he's going to start recommending lower rates."
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