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Trump ramps up pressure on the Fed, saying the ‘very misguided’ central bank should ‘move now’ to cut interest rates
The comments added to Trump's increasingly forceful pressure campaign on the Fed, which operates independent of the White House.
The comment marked a departure from his usual broadsides against Federal Reserve Chairman Jerome Powell.
‘Don’t blow it!’: Trump ramps up pressure on the independent Fed, saying it has a ‘faulty thought process’
The president has separately attempted to install political allies at the top of the central bank and suggested the US artificially weaken the dollar.
"When you only have so much stimulus at your disposal, it pays to act quickly to lower rates at the first sign of economic distress."
Nearly one quarter of fund managers are most worried about the market's dependence on the central bank for a boost.
"Investors need to pay just as much — if not more — attention to the Dow Jones Transportation index" as the Dow Jones Industrial Average, one
Who is Jerome Powell? The man Trump keeps trying to fire holds the fates of US economy and stock market in his grasp
He's the Chair of the Federal Reserve, and his interest-rate decisions are under extreme scrutiny from Donald Trump and stock investors alike.
Fed Chairman Jay Powell reassured investors who had seen a rate cut as less likely following a strong June jobs report last week.
Fed chair Powell just called bitcoin a ‘speculative store of value’ like gold — adding weight to the safe haven theory
"Really almost no one uses bitcoin for payments, they use it as an alternative to gold," Powell said.
Stocks are climbing despite Trump’s latest China barbs as rate cut hopes buoy markets — the trade war is ‘back in focus’
Donald Trump criticized China, Singapore's economy unexpectedly contracted, and Chinese imports and exports fell.