President Trump challenges Fed on US economic outlook

Politics 06/12/20, 05:47

President Donald Trump on Thursday, June 11, criticized the Federal Reserve after it offered a gloomy outlook on the U.S. economy, which shook the stock market after months of steady gains. The Dow Jones Industrial Average lost more than 1,800 points, or 6.9%, on Thursday, recording the worst day since crashing ...

Fed cuts rates by 50 basis points amid coronavirus fears and Trump’s call

U.S. 03/03/20, 17:25

The Federal Reserve (Fed) on Tuesday, March 1, announced its first emergency interest rate cut since the financial crisis, lowering the rate by half a percentage point, amid a growing concern from the coronavirus outbreak. President Donald Trump said the cut was not enough. In an unexpected move, the Federal Open ...

Stock market resurges to highest record in years

Politics 03/03/20, 06:14

The U.S. stock market saw a sudden upsurge on Monday, March 2, after a gloomy week over the fear of coronavirus outbreak, reported Breibart. The Dow recorded 26,703.32 points, an increase of 5.1 percent, the highest point for a decade. The S&P 500 Index also climbed 4.5 percent, the best ever ...

US manufacturing slumps in Sept, President Trump blames Fed’s strong dollar

U.S. 10/01/19, 13:27

President Donald Trump is again holding the Federal Reserve accountable for a slump in U.S. manufacturing. He attributed the undermining of the competitiveness of American goods to the strong dollar triggered by the Fed's high interest rate. In a tweet Tuesday, he said: As I predicted, Jay Powell and the Federal Reserve have ...

President Trump says ECB’s rate cut hurting US exports, blasts Fed

Business 09/13/19, 05:27

President Donald Trump on Thursday, Sept. 12, criticized central bank of Europe and the central bank of the United States, saying the latest rate cut by the European Central Bank (ECB) is hurting U.S. exports, while the Federal Reserve (Fed) just “sits, and sits.” “European Central Bank, acting quickly, Cuts Rates ...

US consumer spending grows fastest in 5 years, helps underpin GDP Q2 number

Business 08/30/19, 12:31

The U.S. economic growth in the second quarter got big support from consumers who are showing their  willingness to spend, backed by the very low unemployment rate thanks to pro-jobs vision under the Trump administration. The U.S. Bureau of Economic Analysis (BEA) on Aug. 29 released data showing consumer spending, which ...

President Trump: Fed loves watching US manufacturers struggle with exports

Business 08/28/19, 06:11

President Donald Trump continued to keep up pressure on the Federal Reserve (Fed), criticizing the central bank for letting U.S. exporters struggle in a climate of high interest rates and a strong dollar. “The Federal Reserve loves watching our manufacturers struggle with their exports to the benefit of other parts of ...

President Trump suggests cutting rates before Fed holds policy meeting

Business 07/22/19, 14:22

President Donald Trump has once again pushed the Federal Reserve (the Fed) to lower interest rates, one week before its Federal Open Market Committee (FOMC) will hold the next policy-setting meeting. In a series of tweets on Monday morning, July 22, President Trump at first repeated his criticism over the central ...

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