Detailed text transcripts for TV channel - CNN - 20190705:16:45:00
Seems almost purely for political reasons. there doesn't seem to be an economic rationale for cutting the rates. he keeps bringing up president obama suggesting that obama got an unfair advantage because the rates were low during his term and he wants that same advantage to help him as he's trying to make an economic case going into 2020. that's not an economic argument given the strength of the economy in this report. so that in and of itself is different and his advisers are backing him up on it for different reasons of their own. but the fed is looking at that and saying we can't justify th...