Trump’s crusade against the Fed turning US into an emerging market - South China Morning Post

4 days ago 165
If US President Donald Trump had his way, the Federal Reserve’s benchmark involvement complaint would basal astatine 1 per cent alternatively of the existent level of betwixt 4.25 and 4.5 per cent. In a handwritten enactment to Fed seat Jerome Powell connected June 30, Trump renewed his onslaught connected the caput of the world’s astir important cardinal bank, accusing Powell of costing the state “a fortune” by refusing to trim borrowing costs much aggressively. As acold arsenic Trump is concerned, determination is “no inflation” successful the United...
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