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

Published Wed, Jul 31, 2019 · 10:53 PM

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    [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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