Federal Reserve is US economy’s ‘only problem’, Trump says - News Summed Up

Federal Reserve is US economy’s ‘only problem’, Trump says


Stocks fell again at the open on Monday amid concern about slowing economic growth, the government shutdown and reports that Mr Trump had discussed firing Federal Reserve chairman Jerome Powell. They don’t have a feel for the market,” Mr Trump said on Twitter. The Trump administration arranged a phone call on Monday with top US regulators to discuss financial markets, the treasury department said. Wall Street is closely following reports that Mr Trump has privately discussed the possibility of firing Powell. Mr Mnuchin said on Saturday that Mr Trump told him he had “never suggested firing” Powell.


Source: The Irish Times December 24, 2018 18:00 UTC



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