(The Center Square)–Federal Reserve officials agreed to hold interest rates steady on Wednesday but suggested they could cut them later this year.
“Despite elevated uncertainty, the economy is in a solid position,” Federal Reserve Chairman Jerome Powell said.
Earlier in the day, President Donald Trump again called Powell “not a smart person” and said Powell was “too late” to cut interest rates. The president also said he was looking forward to the end of Powell’s tenure at the Federal Reserve.
“Now we have a man who just refuses to lower the Fed rate – just refuses to do it,” Trump said Wednesday morning before Powell’s news conference. “And he’s not a smart person. I don’t even think he’s that political, I think he hates me, but that’s OK. He should. I call him every name in the book trying to get him to do something.”
Trump said he wanted rate cuts to make it easier for the U.S. Treasury to issue less expensive long-term debt.
The Federal Open Markets Committee kept the central bank’s federal funds rate at a target of 4.25% and 4.5%.
“For the time being, we’re well positioned to wait to learn more about the likely course of the economy,” Powell said during the news conference.
Trump has repeatedly called on the Federal Reserve to lower interest rates, but the president has limited authority over the independent agency.
At Last, a Company With Integrity in the Gold IRA Industry
For several years, I’ve been vetting out precious metals companies in search of the best. I believe in gold and silver but it’s hard to find integrity in the Gold IRA industry. The vast majority operate with shady tactics and gigantic spreads that take advantage of Americans who simply want to protect their life’s savings.
I’ve found a handful that I like and I’ve worked with some of them. By no means would I “unrecommend” them because, again, I vetted them out and found them to be above the fold. Unfortunately, it isn’t hard to be better than the rest when the rest are so darn awful.
After years of searching, I finally found a company that truly operates with integrity. Augusta Precious Metals has three important attributes that set them far above the competition:
- Non-Commissioned Sales Team: I cannot stress how important and unique this is. With just about every other company in the Gold IRA industry, the sales teams make commission from every account they open. This means they steer their clients toward the gold and silver products with the highest commission. With Augusta Precious Metals, the team is solely focused on putting the best gold and silver for their clients into their IRA. They get paid to serve the best interests of the Gold IRA client, NOT their own commission pay.
- Incredibly Low Fees: Most Americans would be shocked if they knew the spread other Gold IRA companies charge. Augusta charges just 5% versus up to 45% elsewhere.
- No Pressure, No Gimmicks: There’s an understanding among most in the Gold IRA industry that fear and pressure is the way to go. Augusta Precious Metals takes a sober approach when working with clients because they hold integrity in the highest possible regard. This is why they don’t offer gimmicks like “free” or “bonus” silver. It’s also why they do not apply pressure tactics to get quick sales. Their educational and transparent approach to doing business is exceedingly rare in the Gold IRA industry.
