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Trump renews attacks on Fed chair after rates held again

From brecorder.com

President Donald Trump lashed out Thursday at Jerome Powell after the US central bank continued to hold rates steady again, calling him “too stupid” to be Federal Reserve chairman. “Jerome ‘Too Late’ Powell has done it again!” Trump posted on his Truth Social platform, after the Fed decided a day earlier to hold its key lending rate steady for a fifth straight meeting. In announcing its decision Wednesday, the Fed cited a moderation in economic activity in the first half of the year and “solid” labor market conditions. It warned however that “uncertainty about the economic outlook remains elevated,” while inflation ... (full story)

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  • Category: Fundamental Analysis