Trump sees Fed rather than trade war as source of market turmoil

President Donald Trump on Wednesday targeted Federal Reserve policy as the culprit for recent market turmoil.

It was perhaps the most dramatic bit of evidence yet of just how the U.S. economic outlook has changed over the past 12 months, from one of clear sailing and continued growth, to one of rising risks for a decade-long expansion. "The challenge is that Trump's trade policy has proven so erratic that you cannot relieve the sense of uncertainty," as firms adjust to what may be a years-long rearrangement of global supply chains and cost structures, said Tim Duy, an economics professor at the University of Oregon."So the question becomes is policy going to be easing enough ...

Nigeria Nigeria Latest News, Nigeria Nigeria Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

US stocks rally after Trump delays key China tariffsNEW YORK: Wall Street stocks rallied on Tuesday (Aug 13) after President Donald Trump delayed tariffs on key Chinese goods, a shift from recent ...
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »

Stocks bounce, safe havens retreat as Trump delays China tariffAsian shares joined a global equities rally and safe-haven government bonds pulled back on Wednesday, after Washington delayed tariffs on some ...
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »

Asian stocks bounce in relief as Trump delays China tariffsAsian shares joined a global equities rally and safe-haven government bonds pulled back on Wednesday, after Washington delayed tariffs on some ...
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »

Asian stocks bounce in relief as Trump delays China tariffs[TOKYO] Asian stocks joined a global equities surge on Wednesday, after Washington delayed tariffs on some Chinese imports and gave much-needed relief for markets gripped by political and economic turmoil. Read more at The Business Times.
Source: BusinessTimes - 🏆 15. / 51 Read more »