President Trump stepped up his assault on the Federal Reserve, urging it to cut the interests rates by a full percentage point as an aid to global growth while complaining the “dollar is so strong the it is sadly hurting other parts of the world”.
The president said “if that happened, our economy would be even better, and the World Economy would be greatly and quickly enhanced—good for everyone”.
The Fed cut rates last month for the first time in a decade and signaled it was open to doing even more amid slowing global growth and uncertainty over Trump´s trade war with China. Concern over this outlook has take its toll on financial markets sending treasury yields towards record lows, flashing recession risks.
Trump has relentlessly attacked the politically-independent central bank for raising rates in 2018, reaching the point where he began asking aides about his ability to oust the Fed chief in discussions reported by Bloomberg News in December.
Source:
Justin Blum (Bloomberg)
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