Fed will do 'whatever it takes' to hit dual mandate
Stock markets (^DJI, ^IXIC, ^GSPC) had a strong week but lowered ahead of the closing bell on Friday. While current momentum is positive overall, uncertainty persists, as some of President Trump's proposed policies are viewed as potentially inflationary. Glenmede VP of investment strategy Michael Reynolds joins Market Domination to discuss the current economic landscape under the Trump administration and the Federal Reserve's upcoming interest rate decision. "The rubber's hitting the road when it comes to 2.0," Reynolds comments. "We don't have a lot of details about what tariffs are going to look like in practice, we still don't really know the extent that deregulation is going to be able to be a tailwind to economic growth ... there's a lot of uncertainty around it, and it could swing in either direction pretty easily depending on their scope." Earlier this week, President Trump called on the Federal Reserve to cut interest rates as the Fed prepares to announce its first interest rate decision of the year. Reynolds notes, "He can say all he'd like on interest rates — he's allowed to have an opinion — but when it comes down to it, we still believe in Fed independence, and we think the Fed is going to do whatever it takes to meet their dual mandate, and there's no question about that from our perspective." Reynolds predicts the central bank will hold rates next week. To watch more expert insights and analysis on the latest market action, check out more Market Domination here. This post was written by Angel Smith
