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Trump Continues to Pressure the Fed Amid US, China Trade Wars

The pressure continues for the Federal Reserve to lower interest rates, according to Reuters. President Trump on Aug. 21 said on Twitter he remains frustrated with Chair of the Federal Reserve Jerome Powell, stating the U.S. should not "count on him!"

Trump also said the policies were infringing on U.S. growth and the trade deals with China.

These comments likely seek to downplay the atrocities of the U.S. trade war with China, according to Reuters. The outcome of the Chinese and U.S. economy has the possibility to trigger a recession before the 2020 presidential election.

—Christie Citranglo, editorial associate

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Wednesday, 29 November 2023

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