"Unusual" FOMC Headlines to Affect Interest Rate Cutting Cycle

Charles Schwab's Mike Townsend don't see headlines around Fed independence leaving anytime soon. He sees President Trump's "unprecedented" move to fire Fed governor Lisa Cook only adding controversy around the FOMC, as Congress needs to weigh on who will fill an already empty seat. Mike talks about how both situations can affect the Fed's rate cutting cycle, including expectations for September. Another complication comes in the form of a pending government shutdown as the divide between Democrats and Republicans widen.

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