While speaking at the World Economic Forum at Davos on Jan. 23rd, president Donald Trump announced plans to force the Federal Reserve into cutting interest rates without delay, escalating what will ...
President Donald Trump has pledged cheaper prices and lower interest rates, but an economy transformed by the pandemic will make those promises difficult to keep.
After Trump said he would “demand that interest rates drop immediately,” the 2-year Treasury yield edged lower, while stocks ticked up.
Equity benchmarks rose in Tokyo ahead of a key interest rate decision by the Bank of Japan later Friday, where a hike is expected. Stocks also rose in Sydney and Seoul.
President Donald Trump has pledged cheaper prices and lower interest rates, but an economy transformed by the pandemic will make those promises difficult to keep.