The Federal Reserve’s decision to cut America’s interest rates hasn’t pleased anyone, according to Deloitte Access Economics’ Kristian Kolding. Last week, the Fed cut rates by 0.25 per cent, which is the first reduction in 11 years. Fed Chairman Jay Powell defended the decision, citing concerns about a possible US economic slowdown. Wall Street slumped after the decision, while US President Donald Trump criticised Chairman Powell for not cutting rates hard enough. Mr Kolding told Sky News that the Federal Reserve is in an “uncomfortable position” caught between those who think the Fed shouldn’t have moved at all and those who believe it should have cut rates harder.
from National | Daily Telegraph https://ift.tt/2Ke141z
Sunday, August 4, 2019
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Hello, my name is Kamal Deka. I'm a 40 year old self-employed from India.
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