US Central Bank Hints At Interest Rate Cuts In The Future
US Central bank hints at Interest rate cuts in the Future. The Fed currently finds that intervention to steer the value of the dollar is unnecessary and therefore leaves interest unchanged.
Jerome Powell, the president of the American central bank (the Fed), declared that to the great displeasure of President Trump.
However, Powell hints at a possible interest rate cut in the near future, because inflation seems to be falling somewhat.
The American president wants interest rates to go down so that the dollar becomes cheaper and exports are boosted.
Goods are then relatively less expensive to buy abroad.
According to the report, Trump even had it investigated at the end of last year,
whether it is possible to remove Powell from his position if he uses an interest that Trump d...