Federal Reserve Board chairman Jerome Powell continues to come under pressure from US President Donald Trump, who now says interest rates and stimulus measures should match Beijing’s moves during the trade war. Photo: Getty Images/AFP
David Brown
Opinion

Opinion

Macroscope by David Brown

Why the Fed, and central banks in China, Europe and Japan should work together on rate cuts to stop the global economic rot

  • It can stonewall, but ultimately the US central bank will have to respond to economic conditions by lowering interest rates
  • Other major economies have a similar need for stimulus, so this should be a chance for global policy coordination

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Federal Reserve Board chairman Jerome Powell continues to come under pressure from US President Donald Trump, who now says interest rates and stimulus measures should match Beijing’s moves during the trade war. Photo: Getty Images/AFP
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