In an address to the World Economic Forum in Switzerland, delivered via video link Thursday, President Donald Trump revisited his displeasure with the policy direction of the U.S. Federal Reserve that surfaced during his first term in spite of having appointed the leader of the monetary body.
U.S. President Donald Trump on Thursday said he wants the Federal Reserve to cut interest rates at a time the central bank has hit pause for an uncertain duration, arguing he understands monetary policy better than those charged with setting it.
Read about the market's reaction to President Donald Trump's speech in Davos, Switzerland where he called for lower rates and cheaper oil, as well as how corporate earnings were received and other developments on Thursday.
President Donald Trump on Thursday said he will call for a lowering of U.S. interest rates, exerting pressure on the Federal Reserve despite a longstanding norm of political independence at the central bank.
Treasury note rallied modestly on Thursday, sending its yield lower for the first time in four sessions, after President Donald Trump displayed a willingness to pressure Federal Reserve officials into cutting interest rates.
US President Donald Trump said Thursday he would seek to bring interest rates lower, speaking remotely to the World Economic Forum in Davos, Switzerland.
U.S. President Donald Trump delivered remarks Thursday in a video appearance at the World Economic Forum’s annual gathering in Davos, Switzerland.