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Trump renews call for interest rate cut, says rates would be lower if Fed chief Powell ‘understood what he was doing’

From cnbc.com

President Donald Trump on Friday lobbed his latest criticism at Federal Reserve Chair Jerome Powell, as the White House’s discontent for the economic policy leader hits a fever pitch. During a Friday afternoon question-and-answer session with reporters, Trump pointed to examples of prices going down. “If we had a Fed Chairman that understood what he was doing, interest rates would be coming down, too,” Trump said. “He should bring them down.” Trump has long argued that the Fed, which sets monetary policy in the U.S., should cut down interest rates. His latest comments come as the White House has ratcheted up its ... (full story)

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  • Category: Fundamental Analysis