Investors shrug at Trump turmoil
Author: Nathan Tankus, James Mackintosh, John Authers
“We’ll have a majority [on the Federal Reserve Board] very shortly… People are paying too high an interest rate… We have to get the rates down a little bit,” says Donald Trump. The US president isn’t being coy about his desire to bounce the central bank into cutting interest rates. As a property mogul, Trump regards low interest rates as “manna from heaven”, says Nathan Tankus for Politico. Trump has spent months complaining that the Fed – which hasn’t cut rates since December last year – is slo...