Why the Fed could cut rates despite the oil crisis | FT #shorts

The US economy is is doing, you know, pretty well. It's just we don't know what the effects of this will be and really no one does. >> Donald Trump's war with Iran has meant oil prices have soared in recent weeks.So why is the world's most important central bank saying that by the end of the year interest rates will be lower than they are now. >> The appropriate level of the federal funds rate will be 3.4% at the end of this year. That's despite its chair J.Powell acknowledging that inflation will almost ce ...