Trump says Powell ‘let us down’
US president calls for looser policy and criticises Fed as Powell gives no clues on future path
President Donald Trump has again publicly criticised the Federal Reserve’s monetary policy.
The US central bank chose to reduce its policy rate by 25 basis points and conclude its balance sheet normalisation programme two months early on July 31. But, by not sending a strong signal that more rate cuts would be coming, it appears to have left the president and markets discontented.
“What the market wanted to hear from Jay Powell and the Federal Reserve was that this was the beginning of a
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