Wells Fargo’s Charlie Scharf: the U.S. Economy Remains ‘Extremely Strong’ (SP500:)

Wells Fargo’s Charlie Scharf: the U.S. economy remains ‘extremely strong’ (SP500:)

Wells Fargo (WFC) CEO Charlie Scharf said the U.S. economy remains “extremely strong” despite the ongoing conflict in Iran, while emphasizing that lowering interest rates right now would be “the wrong thing to do” given current geopolitical risks.

Wells Fargo CEO: No rate cuts until Iran conflict ends

Geopolitical tensions in Iran sustain inflation risks, limiting the Fed's flexibility to lower rates, impacting economic stability and growth. The post Wells Fargo CEO: No rate cuts until Iran conflict ends appeared first on Crypto Briefing.