Traders work on the floor of the New York Stock Exchange as Federal Reserve chairman Jerome Powell gives a news conference on September 18, the day the Fed cut interest rates by a quarter of a percentage point. Photo: Getty Images/AFP
Andy Xie
Opinion

Opinion

Andy Xie

The Federal Reserve is prolonging the trade war, keeping the biggest financial bubble in history going – and risking the entire global system

  • By fuelling a market rally every time talks stall, the Fed has extended the trade war and made the asset bubble bigger. If a crisis erupts outside the US or China, the bubble may burst – with disastrous consequences for the world
Traders work on the floor of the New York Stock Exchange as Federal Reserve chairman Jerome Powell gives a news conference on September 18, the day the Fed cut interest rates by a quarter of a percentage point. Photo: Getty Images/AFP
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