President Spoke With Fed Chairman Amid Public Campaign for Lower Rates - News Summed Up

President Spoke With Fed Chairman Amid Public Campaign for Lower Rates


There are two big pressures pushing and pulling on the Trump economy right now. While trade chaos has rattled financial markets, the Federal Reserve might have to step in and rescue the economy. WSJ's Gerald F. Seib explains. Photos: GettyWASHINGTON—President Trump spoke with Federal Reserve Chairman Jerome Powell by phone in April during a period in which the White House escalated pressure on the central bank to keep interest rates low. The central bank disclosed the April 11 call on Friday as part of its regular release of Mr. Powell’s calendar.


Source: Wall Street Journal June 07, 2019 18:18 UTC



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