AFS 2019: Fed rate cuts offset affordability strain, Chase CEO says | Auto Finance News | Auto Finance News

AFS 2019: Fed rate cuts offset affordability strain, Chase CEO says

Chase Auto Chief Executive Mark O'Donovan (right) sits down for a fireside chat at the 2019 Auto Finance Summit

LAS VEGAS — Lower benchmark interest rates set by the Federal Reserve are a positive for the auto industry, despite the implication that rate cuts are a sign that regulators are trying to get ahead of a looming downturn, said Chase Auto’s Chief Executive Mark O’Donovan. “Clearly, it makes cars more affordable, and it makes […]

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