Summary
- President Donald Trump publicly criticized Fed Chair Jerome Powell for dragging his feet on rate cuts.
- Trump said that even Wall Street's Jamie Dimon has mentioned the need for rate cuts.
- Regarding trade, Trump assessed relations with China positively, noting that China is buying U.S. goods again.
U.S. President Donald Trump once again publicly targeted Jerome Powell, chair of the U.S. Federal Reserve (Fed).
On the 10th (local time), President Donald Trump said during a speech in Pennsylvania, "Chair Jerome Powell is still dragging his feet on rate cuts. His response is far too late. Even Jamie Dimon of Wall Street is now saying that rates should be lowered," he said.
He gave a positive assessment of recent trade developments. He said, "Relations with China are not bad. China is again buying our products such as soybeans and beans."
YM Lee
20min@bloomingbit.ioCrypto Chatterbox_ tlg@Bloomingbit_YMLEE
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