FBC Lou Dobbs Tonight July 14, 2024
Was not a trend but an adjustment. Here is his rather ignorant statement about Interest Rates at his press conference. To ensure against downside risk, to provide support to the economy, the factors are, where factors are pushing down on Economic Growth and to support inflation. I do think it will serve all of those goals but if you were thinking of it as essentially in the nature of a midcycle adjustment to policy. Lou a midcycle adjustment. Investors did not want to hear that nonsense. His remarks came at 2 37 pm for the next 16 minutes, the dow sold off. 279 points. The nasdaq fell 155 poin...