Brian Chappatta, Columnist

Trump Pounces on Wavering Fed to Hammer Home Rate Cuts

The president senses that central bankers are just about on board with his push for easier policy.

June 24, 2019 at 4:32 PM UTC

Brian Chappatta is managing editor of Bloomberg News' leveraged finance and distressed debt teams. He was previously managing editor and team leader of its wealth group. Before that he was a Bloomberg Opinion markets and finance columnist and a bonds reporter for Bloomberg News.

Unprecedented public criticism has reached a sort of tipping point — Unprecedented public criticism has reached a sort of tipping point
Photographer: Drew Angerer/Getty Images

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In his first comments on Twitter about the Federal Reserve since its decision last week to leave interest rates unchanged (but signal that a cut may be coming soon), President Donald Trump seemed to sense that policy makers were on the verge of giving him what he wanted.

So in between a couple of insults, he laid out why they ought to lower interest rates in July, as bond traders fully expect: