President Trump wants a booming economy, but he also wants low interest rates. It's a classic Catch-22.
President Trump wants a booming economy, but he also wants low interest rates. Federal Reserve Chairman Jay Powell may keep interest rates more or less where they are, but would likely only do that if the economy cools off.
POLITICO Pro financial services reporter Victoria Guida (@vtg2) joins Ben White to explain the contours of the Trump-Powell relationship -- and shed some light on whether traders are misunderstanding Powell when he talks about the economy.
Reporting referenced in this episode:
Trump may get his wish on pause in Fed rate hikes