4 months ago
Trump should know that Powell is one of the major movers of the market he doesn't even need to speak, just with the blink of his eyes, the market can move 200pips
4 months ago
Trump said he has no plans to fire Powell from the Fed but his criticism of the Fed's move to cut interest rates remains sharp.
"I have no intention of firing him," Trump told reporters in the Oval Office on Tuesday. "I would like him to be a little bit more active in terms of his idea of lowering interest rates," he added.
#Reuters
Markets have reacted positively to Trump's de-escalation, and Trump also said China tariffs would be reduced significantly once a deal is reached.
#Will Trump continue to intervene at the Fed?
#Will interest rates be cut on May 8