Photo: AP/Susan Walsh, File
In this Dec. 19, 2018, file photo, Federal Reserve Chairman Jerome Powell speaks at a news conference in Washington DC. With the Federal Reserve considered sure to leave interest rates unchanged Wednesday, investors will be looking to hear Powell sound a reassuring theme that a pause in the Fed’s rate hikes could last a while.
Updated: August 19, 2019 12:10 PM
President Donald Trump is calling on the Federal Reserve to cut interest rates by at least a full percentage point "over a fairly short period of time," saying that such an action would make the U.S. economy even better and would also "greatly and quickly" enhance the global economy.
In two tweets Monday, Trump kept up his pressure on the Fed and its chairman Jerome Powell, saying the U.S. economy was strong "despite the horrendous lack of vision by Jay Powell and the Fed."