Powell Says Rates Are Coming Down: How Low Will They Go?

Jerome Powell, the Fed Chair known for guiding U.S. monetary policy, announces anticipated rate cuts that may reshape the economic landscape. Bloomberg reporter Mike McKee joins to discuss the implications of these cuts for the economy, consumer behavior, and even the upcoming presidential elections. They dive into how shifting priorities could affect inflation and unemployment rates, while also addressing potential market reactions. The conversation highlights the delicate balance the Fed must maintain amidst political pressures.