Trump shoves the Fed into new territory

Politico (USA) | Sep 18, 2019 at 5:02 AM
  • President Donald Trump has taken over Jerome Powell’s life.
  • The Federal Reserve’s expected decision on Wednesday to cut interest rates again will spark new questions about whether Powell, its chairman, is caving to intense public pressure by Trump.
  • The Fed has repeatedly pointed to trade tensions, slowing global growth and muted inflation as its main reasons for lowering rates, a move intended to support the economy as recession fears have begun to creep into the Treasury bond market.