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Trump says Federal Reserve 'let us down,' wanted 'aggressive rate-cutting cycle'

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President Donald Trump attacked Federal Reserve Chairman Jerome Powell again on Wednesday, saying the central bank's newly-announced small cut in interest rates was not enough.

[WASHINGTON] President Donald Trump attacked Federal Reserve Chairman Jerome Powell again on Wednesday, saying the central bank's newly-announced small cut in interest rates was not enough.

"What the Market wanted to hear ... was that this was the beginning of a lengthy and aggressive rate-cutting cycle which would keep pace with China, the European Union and other countries around the world," Mr Trump said on Twitter.

"As usual, Powell let us down."

AFP

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