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Stock impact report

The Federal Reserve should refresh its mandate: Former presidential candidate Vivek Ramaswamy [Yahoo! Finance]

Roivant Sciences Ltd. (ROIV) 
Company Research Source: Yahoo! Finance
"I personally believe the right policy is dollar stability — make that the sole focus of the Fed's mandate. That allows us to have more efficient markets with not only a stable dollar, but stable prices," the founder of Roivant Sciences ( ROIV ) turned Republican insider said on Yahoo Finance's Market Domination Overtime on Wednesday. All eyes are on the Fed as it nears its next monetary policy decision on Sept. 18. The Fed has widely telegraphed its first rate cut in several years as it looks to stabilize an economy that's beginning to slow. This slowdown — which has unnerved investors the past month — has been seen everywhere from US labor market numbers to manufacturing to Dollar General's ( DG ) and Dollar Tree's ( DLTR ) earnings. "Consumers are managing their budgets like light switches," Interactive Brokers senior economist José Torres said on Yahoo Finance's Morning Brief As for Ramaswamy, he is no stranger to making bold, against-the-grain suggestions — he's become Show less Read more
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