#powell #Marketupdate #Rate cut #Trump #Melina Former US Treasury Secretary: Powell Will Ignore Trump's Rate Cut Calls and Avoid Discussing Politics
★Lawrence Summers, who served as Secretary of the Treasury under Bill Clinton, believes that Trump's public expression of "hope to see a significant rate cut" constitutes government public intervention, "which is easy to backfire, and the Fed will not follow his advice."
Summers also stated: "Unless a financial market prosperity collapse occurs, it will be difficult for the Fed to cut rates as much as expected." The Fed itself is eager to downpl