Don't expect the Fed to rescue stocks from tariff gambit
A Fed put is dead. A Trump put is unlikely. Stocks will need to eat this tariff meltdown.
President Donald Trump, posting a message from a golf course in Florida on Friday, renewed his call for a Federal Reserve interest-rate cut amid the worst two-day stock selloff on Wall Street since the global pandemic.
Federal Reserve Chairman Jerome Powell, indirectly responding from the stage of an economic event in suburban Washington, said he and his colleagues were in "no hurry" to change course.
