Donald Trump calls the US Fed ‘derelict in its duties’
Trump wants more rate cuts, but data is giving mixed signals about the US economy, with 2019 so far a year to forget
24 October 2019 - 19:03
Washington — US President Donald Trump once again attacked the US Federal Reserve on Thursday, calling for more interest rate cuts to stimulate the American economy just days before the key policy meeting.
“The Federal Reserve is derelict in its duties if it doesn’t lower the Rate and even, ideally, stimulate,” he said on Twitter, a relatively mild epithet after calling policy makers “boneheads” and “pathetic”. Trump has long argued that the Fed was too aggressive about raising the benchmark borrowing rate in 2018, which it did four times that year...
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