U.S. President Donald Trump delivered remarks Thursday in a video appearance at the World Economic Forum’s annual gathering in Davos, Switzerland.
President Donald Trump said Thursday he will “demand that interest rates drop immediately,” but did not mention the Federal Reserve by name. Trump told the World Economic Forum in Davos, Switzerland via a video link,
In Davos, U.S. President Donald Trump urged immediate interest rate cuts, emphasizing global alignment. As the Fed prepared for its first meeting under Trump's administration, uncertainties around policy and potential economic impacts loomed large,
U.S. West Texas Intermediate crude (WTI) fell $1.01, or 1.34%, to $74.43. The broader economic implications of U.S. tariffs could further dampen global oil demand growth, said Priyanka Sachdeva, senior market analyst at brokerage Phillip Nova.
WASHINGTON - President Donald Trump said on Thursday that the "Golden Age" of America had begun and that it was "back and open for business" while addressing business and political leaders gathered at the World Economic Forum’s annual meeting in Davos, Switzerland.
President Donald Trump said he would press the Federal Reserve to lower interest rates “immediately,” rekindling a fight over the historically independent U.S. central bank.
His message for central banks to make an immediate interest rate cut signals potential pressure on the US Federal Reserve.
The US Dollar has turned flat during the US trading session on Thursday. US President Trump spoke at the World Economic Forum in Davos. The US Dollar Index (DXY) is back above 108.00, though it is facing some mild selling pressure again.
Donald Trump, at the World Economic Forum in Davos, demanded a global drop in interest rates, marking his first direct challenge to Federal Reserve policies. This call comes ahead of the Fed's policy meeting,
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Donald Trump has raised the pressure on Federal Reserve chair Jay Powell to cut borrowing costs, setting up a potential clash between the two men less than a week before the US central bank meets to set interest rates.
He has frozen federal hiring and signed an order allowing career civil servants to be fired at will. Read more at straitstimes.com.