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  • Trump hammers Fed, Powell for lack of 'guts, vision': Fed cuts rate by a mere 25 basis points.

    09/18/2019 12:32:46 PM PDT · by SeekAndFind · 27 replies
    Yahoo Finance ^ | 09/18/2019 | Javier E. David
    President Donald Trump on Wednesday harshly rebuked the Federal Reserve, accusing the central bank and Fed Chair Jerome Powell of having “no guts” by not meting out a more aggressive interest rate cut as the global economy slows. The Federal Reserve on Wednesday cut interest rates again by 25 basis points to a new target range of 1.75% to 2%, and telegraphed a strong likelihood of one more rate cut by the end of the year. However, some on Wall Street anticipated a more aggressive easing of 50 basis points, particularly with financial markets conditions tightening. Indeed, markets sank to...