Elizabeth Warren Urges Fed To Slash Rates By 0.75%; Veteran Investor Warns Even 0.5% Cut Could 'Reduce Trump's Chances Of Winning'
The Fed's rate decision on Sept. 18 is uncertain, with debate over a 0.25% or 0.5% cut. 3 Senators urge a 75 bps cut, citing recession risk. Fed unlikely to opt for 75 bps cut, may consider politics as presidential election looms. Powell's term ends in 2026.