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

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With global markets flashing concern about the fallout from the U.S.-China trade war and the near-term strength of the American economy, U.S.

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 ...

 

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