The Federal Reserve arguably has never been under a greater microscope than right now, excluding, of course, the Great financial crisis period. Fed chief Jerome Powell is likely to face fresh pressure from returning president Donald Trump. Powell has been steadfast in saying he will not let Trump push him around and will not resign if asked. Meanwhile, markets have rallied hard in recent months on expectations for further interest rate cuts from the Fed. Not delivering those cuts could have ramifications for investors worldwide. Yahoo Finance Executive Editor Brian Sozzi talks with Deutsche Bank chief US economist Matthew Luzzetti about the future of monetary policy.
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