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interest rate policyABC News
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80% Informative
Some economists say it's a bad idea for the president to have a role in setting interest rates.
The proposal would mark a major shift from the longstanding norm of political independence at the Federal Reserve .
The idea elicited opposition from both liberal and conservative economists who spoke to ABC News .
They warned that any president would likely seek low interest rates in an effort to improve the nation's short-term economic growth.
The chances of an interest rate cut at the Fed 's next meeting in September are all but certain, according to the CME FedWatch Tool .
Market observers are split roughly down the middle about whether the Fed will impose a cut of a quarter of a percentage point or opt for a larger half -point cut.
VR Score
85
Informative language
86
Neutral language
50
Article tone
semi-formal
Language
English
Language complexity
58
Offensive language
not offensive
Hate speech
not hateful
Attention-grabbing headline
not detected
Known propaganda techniques
not detected
Time-value
short-lived
External references
2
Source diversity
2
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