DAVOS, SWITZERLAND — The Federal Reserve now needs to be on Trump watch if it wants to engineer the proper dose of monetary policy, according to Bank of America chief Brian Moynihan.
President Trump had a message last week for the Federal Reserve while at the annual World Economic Forum gathering in Davos, Switzerland: He plans to "demand that interest rates drop immediately." ...
His comments, via video link, to the World Economic Forum in Davos, Switzerland were pointed at Federal Reserve Chair Jerome Powell. Powell likely had different plans for potential rate cuts.
The decision reflects a cautious stance as the Fed assesses the direction of inflation and policies President Trump may implement.
Switzerland. 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 ...