Gate.io: The Federal Reserve faces communication challenges after Trump's victory

Golden Ten Data on November 7, Brad Bechtel, global head of Jefferies Group Forex, said that it is beyond the responsibility of the Federal Reserve to respond to expected changes in fiscal policy, but this will become the focus of Fed officials. “Powell has proven himself to be very effective at communicating and keeping the ball in the middle of the fairway,” Bechtel said, “and I don’t think he’s necessarily going to talk explicitly about any increased spending, but he knows in his heart that it’s going to be a positive boost for the economy.” “Bechtel expects that the Fed may cut rates further this year, but will likely keep the Intrerest Rate steady next year at a higher level than it was during the Harris administration.”