Business Rundown: What Will The Fed Do? … And What Should It Do?

September’s highly anticipated meeting of the Federal Reserve starts tomorrow. This comes after months of President Donald Trump pressuring Chairman Jerome Powell for a rate cut. The president’s public prodding of Powell coincides with his administration’s ongoing effort to fire Federal Reserve Governor Lisa Cook ahead of this week’s key vote, accusing her of mortgage fraud. However, there have been no formal charges. While inflation remains above the Fed’s 2% target, investors are betting on a cut this week. The question remains: how low could rates go, and how many cuts could happen this year? Brian Jacobson, the chief economist at Annex Wealth Management, joins Fox Business’ Lydia Hu to preview this week’s critical meeting and discuss some of the other major economic news that will move the markets this week.