Trump says Fed chair Powell should make big rate cut now
Tweet
Share
E-mail
FILE PHOTO: U.S. President Donald Trump points to a document as Federal Reserve Chair Jerome Powell fact-checks the numbers on it during a tour of the Federal Reserve Board building, which is currently undergoing renovations, in Washington, D.C., U.S., Ju
WASHINGTON (Reuters) -U.S. President Donald Trump on Wednesday reiterated his call for Federal Reserve Chairman Jerome Powell to cut benchmark interest rates.
"Just out: No Inflation!!! “Too Late” must lower the RATE, BIG, right now. Powell is a total disaster, who doesn’t have a clue!!!, Trump said in a post on Truth Social. The post follows federal government data that showed U.S. producer prices slipped in August.
(Reporting by Katharine Jackson; editing by Susan Heavey)
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- U.S. debt tops $40 trillion
- SEC charges former Bank of America investment banker with insider trading
- US appeals court throws out California, Giffords 'ghost guns' challenge
Create E-mail Alert Related Categories
ReutersRelated Entities
Donald J. Trump, Jerome PowellSign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!
