Trump has a point on lower rates, but not 1%, says @johnauthers. If anyone needs Independence Day, it's the Fed (via @opinion) https://t.co/zaZr7Aa6bs ...

Based on the data that you've seen, do you think it's a good idea now for the Federal Reserve to lower interest rates. There's two elements here. The Fed doesn't want to lower rates and appear to be cowtowing, if you will, uh to President Trump's um uh you know, language.On the other hand, I think there's actually room for them to lower rates. If you look at the Fed's Beige book, which the Fed reacted to last year when they started lowering rates, I think there's room for them to take action now. And if I w ...