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Despite the "unwanted" announcement by the Federal Reserve of a 25 basis point cut for the first time in eleven years in response to recent major pressures, most notably from Donald Trump, this decision appears to be n & rsquo; Meeting with President Trump or after the Fed raised concerns in the future after Jerome Powell's statements after the announcement of the reduction, he said: "This is not the beginning of the series of interest rate cuts ", prompting the US stock markets to pull back during Wednesday's session, where the Dow Jones & Standard & Poor's 500 indices, the largest Y-percentage decline atheist thirty may after Powell's comments, which has reduced expectations of further cuts in the near future. The Dow Jones finished Wednesday at 337.40 points, or 1.24%, while the S & P 500 yielded 32.80 points, or 1.09%, to end at 2 980.38.
The Nasdaq Composite Index closed down 98.20 points, or 1.19%, to 8,175.42 points.
For his part, President Donald Trump pursued his favorite pastime by criticizing US Secretary of State Jerome Powell, who, despite having partially surrendered to US President's pressure and responded to calls for the end of the tightening policy, has not escaped a new race: "Fed Chairman, Jerome Powell, dropped us a quarter of a percentage point on Wednesday," stressing that the market must launch "a long and intensive cycle to reduce the interest".
"What the market wanted to hear (Jerome) Powell and the Fed, is that it's the beginning of a long and aggressive cycle of interest rate cuts in China, in the European Union and in other countries, "Trump said just hours after the release of his latest release. Worldwide".
"As usual, Powell let us down but at least put an end to the quantitative focus that should not have been started," Trump said.
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