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The senate is extremely important in voting in next Fed, says PIMCO's Libby Cantrill
CNBC Televisionยท 2025-08-26 18:12
I mean, if you are a voting member of the Fed and you have to decide about interest rates, as you always do, what incredible pressure this must bring to sort of if you decide we need to cut rates to prove the point, right. Show your work that this was done because of data rather than done because of pressure. >> Yeah.Well, nice to be with you, Courtney. I I think Chairman Powell has absolutely opened the door to uh a rate cut in in midepptember. So in some ways the timing of this is beneficial that it comes ...