The Federal Reserve is expected to announce an interest rate cut on Tuesday. Investors, lenders, analysts, and the like have been waiting with bated breath to see what the Federal Open Market Committee will decide.
NTD discussed the matter with Thomas Savidge, an economist at the American Institute of Economic Research. He says the Fed needs to adopt a rules-based approach to increase predictability and end the guessing game market players face while awaiting major monetary policy decisions.