US interest rate cut fails to impress Trump

[KPN]

The US central bank has cut interest rates for the first time since 2008 but not won over President Donald Trump.

Mr Trump, who had demanded a big rate cut, was unimpressed with the Federal Reserve's 0.25 percentage point cut that took the federal funds target range to 2-2.25%.

In a tweet, the president scorned Fed chair Jerome Powell, saying: "As usual, Powell let us down."

The main stock market indexes on Wall Street all closed more than 1% lower.

Analysts cited uncertainty over how many rate cuts the market should expect.
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[link:https://www.bbc.com/news/business-49183329|

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The depths of this moron's idiocy never fail to amaze me. Buttigieg was exactly right, "Like a rooster [this moron] thinks he caused the sun to rise."

Anyone who doesn't vote straight D up and down the ticket in 2020 is officially now my enemy.

[no_hypocrisy]

1. Mr. Powell, that's what happens when you try to please everybody.

You end up pleasing no one.