The new year is almost upon us, and supporters of President Donald Trump know that the midterms will make or break the president's America First agenda.
Republicans have no margin for error because the GOP has a very slim majority. The economy remains the No. 1 issue., and a new Quinnipiac poll shows that voters give congressional Republicans a five-point advantage over the Democrats on handling the economy.
Gary Bauer is Chairman of The Campaign for Working Families.
"I'm confident and hopeful that we're on the right path, and by next November, we will see enough additional progress that the American electorate will keep the House and Senate in Republican hands, allowing President Trump to finish his agenda the final two years of his presidency."
Bauer says getting interest rates down to help potential homeowners will help even more.
“There's no reason now why the Federal Reserve should be holding back from further cuts in interest rates. We've got to get the mortgage interest rate down below five percent. If we do that, millions of young Americans will be able to qualify for buying their first house, and that alone will stimulate construction and a whole lot of things related to the housing industry and help the economic growth to speed up even more."
The Federal Reserve may see things differently.
Their own projections indicate only a small number of rate cuts in 2026 -- far from a large easing cycle. Some Fed policymakers project just one cut next year. This suggests limited additional cuts unless economic data weakens.
Federal Reserve Chairman Jerome Powell says that policymakers will carefully assess incoming data before making further rate moves.
