Trump continues to poke Fed as policy meet opens 0 SHARES Share it! Fed chief Jerome Powell is walking a tightrope between economic necessity and political pressure from President Donald Trump who has repeatedly criticized the US central bank and demanded an interest rate cut to boost the economy. “Let’s see what he does,” Trump said when asked if he was planning to remove Powell from the top position. He said that by raising rates in recent years the Fed had denied him “a level playing field” compared to the easy monetary policy in Europe. He also blasted European Central Bank chief Mario Draghi, who hinted Tuesday at further eurozone interest rate cuts, which drove the euro down against the dollar.

Source: Manila Bulletin June 19, 2019 01:30 UTC