Trump says Fed’s Powell ‘let us down’ by not signaling future interest rate cuts
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President Trump wasn’t happy with the Federal Reserve’s quarter-percentage-point rate cut Wednesday, saying Fed Chairman Jerome Powell “let us down” by not signaling further decreases.

“What the Market wanted to hear from Jay Powell and the Federal Reserve was that this was the beginning of a lengthy and aggressive rate-cutting cycle which would keep pace with China, The European Union and other countries around the world,” Trump said in a late afternoon tweet.

 

Trump says Fed’s Powell ‘let us down’ by not signaling future interest rate cuts

Fed Cuts Interest Rates for First Time Since 2008 Crisis

Federal Reserve lowers interest rates for first time in more than a decade

 



The Fed cut rates for the first time since 2008

Fed cuts interest rates for first time since 2008 but sends confusing signals about what’s next

With today’s rate cut, the Fed is jeopardizing its credibility

 

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