In an address to the World Economic Forum in Switzerland, delivered via video link Thursday, President Donald Trump revisited his displeasure with the policy direction of the U.S. Federal Reserve that surfaced during his first term in spite of having appointed the leader of the monetary body.
President Trump said if oil prices come down he'll demand lower interest rates immediately, adds he knows rates 'much better' than Fed officials
Donald Trump hinted at a coming clash with Federal Reserve Chair Jerome Powell and other central bankers as he spoke virtually before the World Economic Forum, saying he would 'demand' lower interest rates.
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Oil prices fell after Trump's comments, while the 10-year US Treasury yield rose, signaling that Trump may have less influence on interest rates.
And if Trump follows through on his promises to impose widespread tariffs on imports and deport millions of immigrants, economists expect inflation could worsen — making it less likely the Federal Reserve will cut its key interest rate much this year.
U.S. stocks moved modestly higher Thursday after President Donald Trump used his remote appearance before some of the world's most powerful business and political leaders at the World Economic Forum's annual meeting in Davos,
US President Donald Trump said Thursday he would seek to bring interest rates lower by unleashing energy production, and would speak to the Federal Reserve if needed.
President Donald Trump took a combative tone at times as he spoke remotely Thursday to an international audience of business leaders, politicians and other elites at the World Economic Forum’s annual event in Davos,
US President Donald Trump said Thursday he would seek to bring interest rates lower, speaking remotely to the World Economic Forum in Davos, Switzerland. "Likewise, they should be dropping all over the world.
After a week of focus on U.S. politics following President Trump’s inauguration, focus switches back to monetary policy, with an interest-rate decision due by the Fed as well as the ECB.