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US President Donald Trump at the White House on Wednesday. Photo of Les Meles
WASHINGTON (Reuters) – US Federal Reserve Chairman Jerome Powell "failed" Wednesday to cut interest rates by a quarter of a percentage point, US President Donald Trump said. that the market was looking for the sign of an "aggressive and prolonged rate reduction".
"What the market wanted to hear (Jerome) Powell and the Federal Reserve, it's the beginning of a long and aggressive cycle of interest rate cuts under the conditions followed by China," he said. European Union and other countries, "Trump said in a tweet just hours after the release of the latest statement from the US central bank. Worldwide".
"As usual, Powell has failed, but at least it puts an end to the quantitative focus that should not have started," Trump said.
Prepared by Wajdi Al-Alfi for the newsletter in Arabic
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