Right-Wingers Are PANICKING

Fox Business host Larry Kudlow and Daily Wire host Ben Shapiro are outraged that interest rate cuts are imminent right before the election. Cenk Uygur and Ana Kasparian discuss on The Young Turks. Your Support is Crucial to the Show: https://go.tyt.com/jointoday

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"Former president and current Republican presidential nominee Donald Trump and his media allies have already begun laying the groundwork to intimidate the Federal Reserve away from expected interest rate cuts this September. Trump and one of his long-time advisers and allies in particular, Fox Business host Larry Kudlow, have specifically demanded that the Fed take no action before the election in November, accusing it of purposefully boosting the economy in the short-term in order to benefit Democrats.

After employment statistics came in below expectations, including downward revisions for job creation in the previous year, and in light of increasingly stable inflation data, Federal Reserve Chairman Jerome Powell announced on August 23 that “the time has come” for interest rate cuts. Many economists had already been clamoring for the Fed to relieve pressure on the economy by lowering interest rates, with some citing an underwhelming July 2024 jobs report as evidence the Fed should have acted sooner."

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