Federal Reserve Chair Jerome Powell said Friday that the trade war is a “complex, turbulent” situation and vowed the central bank will “act as appropriate to sustain the expansion,” suggesting another interest rate cut may be coming but not the large decline President Trump has demanded, the Washington Post reports.
Trump responded on Twitter: “As usual, the Fed did NOTHING! It is incredible that they can ‘speak’ without knowing or asking what I am doing, which will be announced shortly… My only question is, who is our bigger enemy, Jay Powell or Chairman Xi?”
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