Liquidity crisis in the U.S. encourages Trump to increase pressure on the Fed
Some people do not need reasons for criticism. They can invent the reasons themselves. But, when there are reasons, the criticism is growing by the day. Attacks on Saudi Arabia encouraged Donald Trump to again call on the Fed for lowering the interest rate due to a growing risk of the U.S. economic slowdown. I won’t be surprised if the U.S. president starts promoting the idea of the QE restart amid the surge of borrowing rates to 10%. The Federal Reserve has conducted a repurchase operation involving $53...
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