Trump Attacks Fed Chair Jerome Powell After Interest Rate Cut

HeadlineAug 01, 2019

The Federal Reserve is cutting interest rates for the first time since the Great Recession hit 11 years ago, amid fears of a slowing U.S. economy. After the Fed announced the quarter-point cut in its benchmark interest rate Wednesday, President Trump attacked his handpicked Fed chair, Jerome Powell, as not aggressive enough in cutting rates, tweeting, “As usual, Powell let us down.” Trump’s latest attack came after Powell suggested that President Trump’s trade wars are hurting the U.S. economy.

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