The Stock Market Has a Serious Federal Reserve Problem -- and It's Not What You Think It Is

Trump has been quite vocal about his calls for the Federal Open Market Committee (FOMC) -- the 12-person body, which includes Powell, that's responsible for setting U.S. monetary policy -- to significantly lower interest rates. A lower interest rate environment would potentially lessen credit burdens on consumers and lower mortgage rates for homeowners.While the prospect of never-before-seen criminal charges for a Fed chair is making headlines, this spat between President Trump and Fed Chair Powell concerni ...