"We're pretty much running out of time for them to do a rate cut," says Dr. Pippa Malmgren, American entrepreneur, economist, and presidential advisor, in the second part of her interview with Daniela Cambone. Malmgren explains that i…
"We're pretty much running out of time for them to do a rate cut," says Dr. Pippa Malmgren, American entrepreneur, economist, and presidential advisor, in the second part of her interview with Daniela Cambone. Malmgren explains that it’s less likely for the Fed to cut rates before the presidential election because they would risk being accused of "helping the incumbent" if they do. Additionally, she notes that rate changes usually occur when there’s a clear signal of where the economy is headed, but before an election is not the opportune time. She further emphasizes that rate hikes didn’t significantly alter liquidity conditions. Malmgren also shares her perspective on current affairs, suggesting that World War III will be an invisible technological war. "We're in a world where this battle may not involve hand-to-hand combat, but rather power grids going down or other significant events."
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