How Trump’s Fed Showdown Could Trigger a Global Financial Earthquake – Are You Ready?
Row is not just about interest rates but the whole relationship between government and central banks. By Hamish McRae
Donald Trump wants lower interest rates, and he is seriously angry that the head of the Federal Reserve, Jerome Powell, isn’t delivering them.
Now there’s a surprise. Politicians always crow when rates go down because, in the short-term at least, that boosts the economy.
So too do most business leaders for the same reason. And since the US President was a property developer, he is especially keen on cheap money because the cost of finance is often crucial to the success of a project.
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