Bloomberg have snagged the remarks from Trump, interview on Bloomberg TV:
- Mr T says if he is elected President he would not be looking to remove Powell before Powell’s term end
- says Trumponomics is low interest rates and tariffs
- says the Fed should not cut rates prior to the election
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Wow … I had what I thought was a tin-hat theory on why the Fed wouldn’t cut prior to the election:
Looks like my tin hat was right!
This article was written by Eamonn Sheridan at www.forexlive.com. Source