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Wednesday, October 24, 2018

NEWS ALERT : Trump Steps Up Attacks on Fed Chairman Jerome Powell

NEWS ALERT : Trump Steps Up Attacks on Fed Chairman Jerome Powell

President Trump escalated his attacks on Federal Reserve Chairman Jerome Powell, blaming him for threatening U.S. economic growth and saying he appeared to enjoy raising interest rates.

In an interview with The Wall Street Journal, Mr. Trump acknowledged the independence the Fed has long enjoyed in setting economic policy, while also making clear he was intentionally sending a direct message to Mr. Powell that he wanted lower interest rates.

Impact : Strong
Sentiment : Bad for Dollar, Good for Gold & others rival

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