Economics

Trump Assails Fed After U.S. Factories Falter Amid Trade War

ISM manufacturing index drops to weakest level since June 2009
Economists say trade war is the main culprit for export woes

U.S. ISM Factory Index Sinks to 10-Year Low of 47.8

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By Christopher Condon

October 1, 2019 at 2:52 PM UTC

Updated on

October 1, 2019 at 5:03 PM UTC

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President Donald Trump blamed Federal Reserve Chairman Jerome Powell and his colleagues at the central bank for hurting manufacturing companies after a key gauge of the industry’s health posted its weakest reading since the end of the last recession.