The Fed is Playing Politics

Almost every new economic number coming out of Washington shows just how political the Fed decision was to launch their 50 basis point jumbo-sized rate reduction in mid-September. First came the embarrassingly outsized jobs report -- no matter that its principal contributor was government linked jobs. Still, it was a big number. And big job numbers are not usually consistent with jumbo interest rate cuts from the central bank. Then, there's today's CPI report, which showed sticky inflation.  With John Carney, Rep. Mike Waltz (R-FL), Rep. Greg Steube (R-FL), Rep. Wesley Hunt (R-TX), Charlie Hurt, Alex Marlow, and Eric Hovde. Learn more about your ad choices. Visit megaphone.fm/adchoices