Trump calls on US Federal Reserve to cut "higher" interest rates

Trump calls on US Federal Reserve to cut "higher" interest rates

Washington: Middle East Online

WASHINGTON (Reuters) – President Donald Trump continued Wednesday to pressure the Federal Reserve for it is stimulating the economy more and more in the run-up to the 2020 presidential election. .
Trump said the bank, not China, was the main economic hurdle in the US, suggesting a fall in the US financial market due to economic concerns that led to lower bond yields in Europe and the United States. -United.
Trump said on Twitter that the bank should "lower interest rates even faster in order to put an end to this absurd quantitative tightening."
Trump's comments come one week after the bank cut its key rate for the first time in more than a decade.
Stock forecasts indicated that the US financial market would resume its mbadive sales this week due to the worsening trade war between China and the United States.
Ten-year Treasury yields have fallen sharply as investors move away from riskier badets, a sign of growing fears of a slowdown in the economy.
Earlier, Germany had said that industrial production had fallen more than expected in June, as capital and commodities had fallen, raising fears of a contraction in Europe's biggest economy and pushing down bond yields at record levels.
The uncertainty caused by the trade war and fears of a global economic slowdown pushed the Fed to reduce its interest rates last week.
However, James Bullard, president of the Federal Bank of St. Louis, chairman of the central bank, told Agence France-Presse on Tuesday that US key interest rates were "within limits", which suggests that he was not inclined to reduce his rates. Interest as fast as Trump wants.

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