Summary
- President Donald Trump positively evaluated the Fed's base interest rate cut.
- President Trump mentioned trade agreements with multiple countries, including China and the United Kingdom, and announced plans for additional negotiations within the next two weeks.
- He hinted at the possibility of tariff increases for some countries and urged investors to exercise caution.
According to the economic news account Walter Bloomberg on the 27th (local time), U.S. President Donald Trump said at a White House press conference that "It would be good if Jerome Powell, the chair of the U.S. Federal Reserve (Fed), lowered the base interest rate," adding, "The problem is Powell at the Fed."
Trump also stated, regarding trade negotiations with other countries, "We have reached trade agreements with a total of four to five countries, including China and the United Kingdom, and plan to begin additional negotiations with multiple countries within the next two weeks."
He continued, "I believe we will soon reach an agreement with India as well," warning, "Some countries might be disappointed with the tariff burden. For those countries, tariffs will increase after July 9."
JH Kim
reporter1@bloomingbit.ioHi, I'm a Bloomingbit reporter, bringing you the latest cryptocurrency news.
