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Economist fears Fed's move was more political decision than economic

Fox Business 39



Committee to Unleash Prosperity co-founder Steve Moore weighs in on the Federal Reserve’s rate cut decision and the impact of the migrant influx on the labor market. #foxbusiness

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39 comments
@birdrocklocal

Ya think?? They did the same thing with Obama when he had less than 1% GDP growth for 8 years

@arthurlambert6418

FoxFixedNews needs to pay their debt to Dominion $1B dollars for their daily lying. Pay up liars !

@user-pt-au-hg

I'm a veteran and U.S. citizen in Ocean City Md. It's nearly impossible to find hotel and restaurant jobs because all the J-1 immigrants fill these jobs, even though other young Americans come in often and told they have no job vacancies. I'm 65 years old and still run food and bus tables. If we need immigrants, find, but let's first fill these jobs by Americans, and veterans, who are willing to work.

@AudiTTQuattro2003

More of Fox News hoping there is a recession, so Trump has a chance of winning. Trump wanted to "shut down government" in hopes that it would bring it on. Not very patriotic.

@michaelmichael1001

Trump distancing himself from Project 2025 is as ludicrous as Hilter distancing himself from Mein Kamfp.

@andypoppey5243

If the price of gold keeps shooting up like it is now, the DOLLAR is going to TANK big time. And with these migrants taking jobs, the companies probably wouldn't even report about the jobs and companies could pay them HALF of what an American worker would be getting paid. We got trouble on the way…..

@MrShrugger

My friends, Turn off the noise and turn on your brain. All this nonsense is an election year distraction and preplanned demolition. Sorry Fox News, but you are telling the wrong story. This is a systemic problem that has been predicted for about 20 years or so. This is going to go belly up and the next administration will have to deal with it. Here are some facts…1. It takes 12-18 months for rate cuts to affect the economy on a broad scale. 2. 10,000 baby boomers turn 65 everyday and there is a population gap that could last 7-9 years. The economy isn’t growing as people suspect. Instead, most companies are replacing retiring workers. 3.. There is $1T of new debt being created every 100 days. 4. History shows that there is a 93% chance of a major crash within six months and a massive spike in inflation. When the spike in inflation happens, they will raise rates significantly higher than they were at, just like Volker did. My source of information: Jay Powell at the 2022 Jackson Hole speech. Look it up. Chairman Powell is posturing by blaming the immigration crisis to keep his job in the next administration. He gives the cut and blames the immigration crisis. He is playing both a put and a call on the same trade. The problem is we have a fiat currency and a debt to GDP ratio of more than 136%. Congress is to blame, but they need a scapegoat. The best scapegoat is the one that is nowhere and every where at the same time…invisible enemies that stir emotions, ie, a war on drugs, a war on crime, climate change, war on terror, and now a visible enemy…the border crisis.

@darrenhankner5282

3 percent unemployment??? is he nuts or just dumb?? the unemployment is up to 4.2 percent. not 3.