Connect with us

Popular World News

Trump Calls on Fed to Do a ‘Big’ Rate Cut By Investing.com

© Reuters.

ECONOMIC NEWS

Trump Calls on Fed to Do a ‘Big’ Rate Cut By Investing.com

[ad_1]

© Reuters.

Investing.com – U.S. President Donald Trump sent yet another shot across the Federal Reserve’s bow on Wednesday, calling the U.S. central bank to make the right move to support the economy and make a “big cut” to interest rates.

Trump tweeted that he was “doing great” with China and other trade deals.

“The only problem we have is Jay Powell and the Fed,” he said. “Big U.S. growth if he does the right thing: Big cut, but don’t count on him!”

Trump added that the Fed has got policy wrong and that the problem was that many competing countries have a far lower interest rate than the U.S.

He urged the Fed to cut rates because of the “highest dollar in U.S. history” and said there was “no inflation”.

This is a breaking news story; please refresh the page for updates.

Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data.

Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.



[ad_2]

Source link

Continue Reading
You may also like...
Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

More in ECONOMIC NEWS

To Top
error: Content is protected !!
Top