US President Donald Trump looks on as Jerome Powell, then his nominee to become chairman of the Federal Reserve, speaks at the White House in Washington on November 2, 2017. Although Trump urged the Fed to cut interest rates last week, the bank announced it was holding them steady. Photo: Reuters
David Brown
Opinion

Opinion

Macroscope by David Brown

Donald Trump should back off from pestering the Fed, but central banks could cut interest rates further

  • With the US economy still showing signs of vulnerability, money markets are factoring in the possibility that the Fed will cut rates. A coordinated move by central banks in China, Japan and Europe to slash rates would benefit the global economy

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US President Donald Trump looks on as Jerome Powell, then his nominee to become chairman of the Federal Reserve, speaks at the White House in Washington on November 2, 2017. Although Trump urged the Fed to cut interest rates last week, the bank announced it was holding them steady. Photo: Reuters
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