Powell’s Signal on Possible Rate Cut Not Enough for Trump

This is Washington Edition, the newsletter about money, power and politics in the nation’s capital. Today, senior US economy reporter Enda Curran looks at Fed Chair Powell’s address and the White House reaction. Sign up here and follow us at @bpolitics. Email our editors here.

Federal Reserve Chair Jerome Powell’s signal on Friday that an interest rate cut may be coming as soon as September was music to the ears of investors and markets surged. It may also have pleased — but certainly didn’t satisfy — his fiercest critic, President Donald Trump.