Trump criticises ‘clueless Jay Powell’ as markets plunge

Donald Trump

US president Donald Trump attacked the Federal Reserve again, while defending his trade war, as yields on US 30-year bonds hit record lows.

On August 14, the president criticised the Fed and its “clueless” chairman Jerome Powell for not reducing rates aggressively enough as investors flocked from US equities into Treasury securities. 

“We are winning, big time, against China. Companies & jobs are fleeing. Prices to us have not gone up, and in some cases, have come down,” Trump said in a tweet.

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