Powell is Staying as Head of the FED, Says Trump
The FED cut interest rates yesterday for the second time and it seems like Trump liked it
Skerdian Meta•Thursday, September 19, 2019•1 min read
The US President Donald Trump was speaking on Fox News a while ago. He made a few comments on the FED. The FED cut interest rates yesterday by 25 basis points to 2.00%, which my colleague Shain covered in the evening, if you followed our economic calendar.
Here are Trump’s comments on the FED and Powell:
- He is not thrilled with the Fed, but Powell’s job is safe
- Powell doesn’t know how to play the game very well
- The FED has raised rates too fast
- The FED should cut more, as other central banks will do so
Markets were expecting Powell to go when his mandate is over, considering all the tweets and comments from Trump recently. But now Trump is confirming Powell as head of the FED for the next mandate. This should be positive for the USD since such comments should calm some nerves of uncertainty. Besides, Powell is not the most dovish FED chairman either, so the USD should feel better than other currencies as long as Powell remains.
- Check out our free forex signals
- Follow the top economic events on FX Leaders economic calendar
- Trade better, discover more Forex Trading Strategies
- Open a FREE Trading Account
ABOUT THE AUTHOR
See More
Skerdian Meta
Lead Analyst
Skerdian Meta Lead Analyst.
Skerdian is a professional Forex trader and a market analyst. He has been actively engaged in market analysis for the past 11 years. Before becoming our head analyst, Skerdian served as a trader and market analyst in Saxo Bank's local branch, Aksioner. Skerdian specialized in experimenting with developing models and hands-on trading. Skerdian has a masters degree in finance and investment.
Related Articles
Comments
Subscribe
Login
Please login to comment
0 Comments
Oldest
Sidebar rates
Related Posts
Save
Join 350 000+ traders receiving Free Trading Signals
Alerts
Rates
Calendar
Signals