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‘Ease and cut rate big’: Trump pressures Fed to slash interest rates as coronavirus threat grows

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  • President Trump pressured Fed Chair Jerome Powell to slash US interest rates after Australia’s central bank cut its rate to a record low of 0.5% on Tuesday.
  • “Should ease and cut rate big,” Trump tweeted, adding that Powell has “called it wrong from day one.”
  • Trump’s criticism came hours before a call between G7 finance chiefs to discuss their coronavirus responses.
  • Visit Business Insider’s homepage for more stories.

President Donald Trump ramped up pressure on Federal Reserve Chair Jerome Powell to slash US interest rates in response to the growing coronavirus threat on Tuesday. He made the critique after Australia’s central bank read more >>>

Source:: BusinessInsider.Com