US EditionTrump Slams Powell, Defends Tariffs As Economists Eye Fed Cuts
Trump renewed pressure on Fed Chair Powell to cut interest rates amid mixed inflation signals and labor concerns, causing the US Dollar Index to drop from 98.60 to 98.13, traders said.
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4 Articles
Trump Slams Powell, Defends Tariffs As Economists Eye Fed Cuts
U.S. inflation in July offered a split verdict for policymakers, with cooling headline prices but hotter core readings, fueling market bets on a September Fed rate cut and prompting President Donald Trump to publicly pressure Jerome Powell once again. QQQ ETF is moving fast. Check live prices here. The Consumer Price Index held steady at 2.7% year-over-year, missing forecasts for a slight uptick, but core inflation — excluding food and energy —…
US President Trump slams Powell, Dollar dips on Fed independence fears
United States (US) President Donald Trump criticized the Federal Reserve (Fed) Chair Jerome Powell on his social network Truth Social, saying that he is “too late” to lower interest rates and must do so “NOW.” He complained that Steve Mnuchin, his former Secretary of the Treasury, “really gave me a
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- 33% of the sources lean Left, 33% of the sources are Center, 33% of the sources lean Right
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