fed rate cut
Federal Reserve Chairman Jerome Powell will answer questions from reporters following the end of Wednesday’s policy-setting FOMC meeting that’s widely expected to produce a 0.25% rate cut. Watch out. The last time Powell held a press conference, after July’s FOMC meeting, he used two words that spooked investors and cratered the stock market. And, then there’s his boss, President Donald Trump, who is panning his job performance via Twitter.