US President Donald Trump (left) walks with Jerome Powell in 2017 before announcing him as his nominee for chair of the Federal Reserve. Trump has been calling for Powell to cut interest rates. Photo: AP
Neal Kimberley
Opinion

Opinion

Macroscope by Neal Kimberley

Between Fed rate cuts and the dominant US dollar, Donald Trump can’t have it all

  • Has the Trump administration forgotten what happened after Richard Nixon pressured the Fed to pump up the economy in 1972? Also, Washington’s sanctions on other countries might turn them against the US financial system and the dollar

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US President Donald Trump (left) walks with Jerome Powell in 2017 before announcing him as his nominee for chair of the Federal Reserve. Trump has been calling for Powell to cut interest rates. Photo: AP
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