#RateCutExpectations

๐Ÿ”ด U.S. President Donald Trump talks about the process of selecting a successor to Jerome Powell as the Chairman of the U.S. Federal Reserve, with Powell's term ending next May.

โ—€ Trump has pressured Powell a lot this year, directing him with numerous criticisms for not lowering interest rates at the pace desired by the U.S. President.

โ—€ The Federal Reserve is expected to lower interest rates for the second time this year during its meeting tomorrow.