Reported 3 days ago
U.S. President Donald Trump urged the Federal Reserve to lower interest rates, asserting he has a better grasp of monetary policy than the central bank's officials. Speaking at the World Economic Forum in Davos, he linked the request to declining oil prices and expressed doubts about Federal Reserve Chairman Jerome Powell's decisions. Trump's comments are atypical for a president, especially as the Fed is expected to keep rates unchanged in its upcoming meeting, and inflation concerns complicate the prospect of rate cuts.
Source: YAHOO