Trump says Powell ‘let us down’

Donald Trump
Donald Trump: “As usual, Powell let us down, but at least he is ending quantitative tightening, which shouldn’t have started in the first place”

President Donald Trump has again publicly criticised the Federal Reserve’s monetary policy.

The US central bank chose to reduce its policy rate by 25 basis points and conclude its balance sheet normalisation programme two months early on July 31. But, by not sending a strong signal that more rate cuts would be coming, it appears to have left the president and markets discontented.

“What the market wanted to hear from Jay Powell and the Federal Reserve was that this was the beginning of a

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