Tuesday, October 19, 2021
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Trump: As usual Powell has “failed” us on interest rates

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Adil Ghaffar
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US President Donald Trump said that Federal Reserve Chairman Jerome Powell “failed” to cut interest rates by a quarter percentage point Wednesday evening, arguing that the market wanted a signal for the launch of “a lengthy and aggressive rate cut.”

“What the market wanted to hear from (Jerome) Powell and the Federal Reserve is that this is the beginning of a long and aggressive cycle of interest rate cuts in the way China, the European Union and other countries are doing,” Trump said in a tweet just hours after the US central bank issued its latest policy statement. around the world”.

“As usual, Powell has failed us, but at least he is putting an end to the quantitative emphasis that should not have started,” Trump said.

Read also: Fed signals interest break for 2019

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