Billionaire Michael Bloomberg sends strong message on the economy

The dramatic escalation of pressure by the White House on the Federal Reserve and Chair Jerome Powell to lower interest rates is ticking off billionaire Michael Bloomberg. Bloomberg is the founder and majority owner of Bloomberg LP, the parent company of Bloomberg News, and the founder of Bloomberg Philanthropies. He’s also the former mayor of New York City whose name has been bandied about frequently as a possible presidential candidate. I’m reminding you of this right up front as a gentle reminder of ...