Economics
Trump Criticizes Fed on Need for Coronavirus Response
- U.S. central bank hasn’t acted as a leader, president says
- Powell said Fed is monitoring ‘evolving’ coronavirus risks
This article is for subscribers only.
President Donald Trump said it was “about time” the Federal Reserve acted like a “leader” and lowered interest rates, whether such a move was related to the coronavirus-driven stock market plunge or not.
“If you look at the Fed, it has a massive impact, lots of it is psychological and lots of it is fact,” Trump said at a White House press conference to discuss the administration’s response to the coronavirus.