The U.S. economy is weakening due to the trade conflict with China. Now the U.S. Federal Reserve has responded by lowering interest rates. For Trump, that’s not enough.
Oil prices have already fallen – the world market reacts to Powell’s announcements Photo: reuters
For the first time in more than a decade, the U.S. Federal Reserve Fed lowers interest rates again. In explaining its decision to cut the key interest rate by 0.25 percentage points, the Federal Reserve (Fed) referred primarily to the trade conflicts instigated by Trump, which are slowing global economic growth. In particular, the trade dispute between the U.S. and China, the two largest economies, threatens to slow the economy.