Federal Reserve Chairman Jerome Powell says the Fed will continue to monitor cross currents on trade, jobs and growth. Powell reiterated the Fed’s independence from political pressure. Photo: Getty ImagesPresident Trump said he wished the Federal Reserve had cut interest rates at its two-day meeting this week, but added he was encouraged the central bankers seemed ready to deliver rate reductions at coming meetings. Mr. Trump referred to projections from Fed officials and statements from Chairman Jerome Powell suggesting that they were leaning toward rate cuts as soon as July.

Source: Wall Street Journal June 20, 2019 18:00 UTC