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Thu Aug 1, 2019, 11:17 AM

US interest rate cut fails to impress Trump

The US central bank has cut interest rates for the first time since 2008 but not won over President Donald Trump.

Mr Trump, who had demanded a big rate cut, was unimpressed with the Federal Reserve's 0.25 percentage point cut that took the federal funds target range to 2-2.25%.

In a tweet, the president scorned Fed chair Jerome Powell, saying: "As usual, Powell let us down."

The main stock market indexes on Wall Street all closed more than 1% lower.

Analysts cited uncertainty over how many rate cuts the market should expect.


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The depths of this moron's idiocy never fail to amaze me. Buttigieg was exactly right, "Like a rooster [this moron] thinks he caused the sun to rise."

Anyone who doesn't vote straight D up and down the ticket in 2020 is officially now my enemy.

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Reply US interest rate cut fails to impress Trump (Original post)
KPN Aug 2019 OP
no_hypocrisy Aug 2019 #1

Response to KPN (Original post)

Thu Aug 1, 2019, 12:47 PM

1. Mr. Powell, that's what happens when you try to please everybody.

You end up pleasing no one.

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