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Carney on ‘Kudlow’: The Fed Tied Its Own Hands With Rate Cut Decision

Summary by America First Report
On Wednesday’s broadcast of the Fox Business Network’s “Kudlow,” Breitbart News economics editor John Carney stated that the Federal Reserve should have waited until after the election to make rate cuts and that by announcing a cut of 50 basis points now, the Federal Reserve has locked itself into doing the same in November. Carney said, “[T]hey absolutely should have waited until November. There’s no economic theory that tells you cutting in Se…
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