In a recent Spectrum News report by Chace Beech, Andrew Wang, Managing Partner at Runnymede Capital Management, weighed in on the Federal Reserve’s decision to cut interest rates by a quarter-point. Wang emphasized the importance of maintaining an independent Fed that bases its decisions on data, not politics.
“Political pressure on the Federal Reserve can introduce significant risks,” Wang noted, underscoring that economic policy works best when guided by facts rather than short-term agendas.
The rate cut, announced by Fed Chair Jerome Powell, comes amid a cooling labor market and ongoing challenges tied to tariffs. Powell also signaled additional cuts could come later this year, highlighting the Fed’s active role in navigating the current economic landscape.
Wang’s comments serve as a reminder that the Fed’s independence remains critical to sustaining long-term economic stability.
