Lukanyo Mnyanda Editor: Business Day

Even by recent standards, US President Donald Trump’s reaction to a rather mild speech from the chair of the Federal Reserve was extraordinary.

“My only question is, who is our bigger enemy, Jay Powell or Chairman Xi?,” was Trump’s retort via Twitter, seemingly in response to an observation that there was little that monetary policy could do to counter the impact of his trade wars on the economy.

BL Premium

This article is reserved for our subscribers.

A subscription helps you enjoy the best of our business content every day along with benefits such as exclusive Financial Times articles, ProfileData financial data, and digital access to the Sunday Times and Times Select.

Already subscribed? Simply sign in below.

Questions or problems? Email or call 0860 52 52 00. Got a subscription voucher? Redeem it now