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

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact [email protected] or view our subscription options here:

You are currently unable to copy this content. Please contact [email protected] to find out more.

To continue reading...

You need to sign in to use this feature. If you don’t have a Central Banking account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account here: