Dagen McDowell on the Recent Fed Rate Cuts: “This is Not Good For the Working Man and Woman”
Dagen McDowell, anchor and analyst on Fox Business Network and co-host of The Bottom Line with Dagen McDowell & Sean Duffy, joined The Guy Benson Show today to break down the Federal Reserve’s decision to cut interest rates by half a point, a move criticized by many as inflation remains an ongoing threat to the U.S. economy. Dagen shared why she believes these cuts will hurt the common man and discussed Fed Chair Jerome Powell’s comments blaming poor job numbers on illegal immigration. Guy and Dagen also touched on the Teamsters union’s surprising decision not to endorse Kamala Harris after shocking internal polling data, and you can listen to the full interview below!
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McDowell had this to say on how the federal rate cuts will impact the working American:
“This is not good for the working man and woman who have struggled under inflation… this hands more kerosene… to people who have benefitted handsomely by the boom in asset prices… you crush the bottom 50% who have not benefitted…”
