The WSJ’s By
Nick Timiraos with the article:
- Trump is signaling that he will blame the Federal Reserve for any economic weakness that results from his trade war if the central bank doesn’t cut interest rates soon.
- In the process, he might also be seeking to delegitimize the historically independent institution in a way that could undermine its effectiveness.
The Journal is gated, here is the link if you can access it.
This stems from Trump’s social media rant on Monday:
I am more inclined to view Trump’s words as trying top pressure the Fed, with the blame for the coming recession a useful by-product.
This article was written by Eamonn Sheridan at www.forexlive.com.
