US Federal Reserve chairman Jerome Powell speaks during a press conference after a Federal Open Market Committee meeting in Washington on July 31. Photo: AFP US Federal Reserve chairman Jerome Powell speaks during a press conference after a Federal Open Market Committee meeting in Washington on July 31. Photo: AFP
US Federal Reserve chairman Jerome Powell speaks during a press conference after a Federal Open Market Committee meeting in Washington on July 31. Photo: AFP
David Brown
Opinion

Opinion

Macroscope by David Brown

After trade war progress, the Fed should cut interest rates, boost its QE holdings and lower the dollar’s value to boost the US economy

  • The Federal Reserve should not only cut interest rates, but up its quantitative easing holdings, thus driving down the dollar. This, and a trade war ceasefire, would not only boost the US economy but the global economy and trade as a whole

US Federal Reserve chairman Jerome Powell speaks during a press conference after a Federal Open Market Committee meeting in Washington on July 31. Photo: AFP US Federal Reserve chairman Jerome Powell speaks during a press conference after a Federal Open Market Committee meeting in Washington on July 31. Photo: AFP
US Federal Reserve chairman Jerome Powell speaks during a press conference after a Federal Open Market Committee meeting in Washington on July 31. Photo: AFP
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