A New Rate-Cut Cycle Could Be Fuel on the Stock Market Fire

But with the market already booming and the Federal Reserve under presidential pressure, a new cycle of lower rates could pour fuel onto a fire, our columnist says.

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Trump Wants Lower Rates. Firing Powell Could Push Them Higher.

Investors, not the Fed, control the interest rates that matter most to businesses and consumers. They might demand higher returns if the central bank’s independence comes into question.

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