U.S. President Donald Trump delivered remarks Thursday in a video appearance at the World Economic Forum’s annual gathering in Davos, Switzerland.
In an address to the World Economic Forum in Switzerland, delivered via video link Thursday, President Donald Trump revisited his displeasure with the policy direction of the U.S. Federal Reserve that surfaced during his first term in spite of having appointed the leader of the monetary body.
European markets are expected to be in positive territory on Friday, setting the region’s stocks up for a weekly rise.
Read about the market's reaction to President Donald Trump's speech in Davos, Switzerland where he called for lower rates and cheaper oil, as well as how corporate earnings were received and other developments on Thursday.
President Trump said he wants interest rates to come down ‘a lot’ and he expects the Federal Reserve to listen to him.
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Oil prices fell after Trump's comments, while the 10-year US Treasury yield rose, signaling that Trump may have less influence on interest rates.
US President Donald Trump has said he will demand the country's central bank to lower interest rates when crude oil prices come down.
And if Trump follows through on his promises to impose widespread tariffs on imports and deport millions of immigrants, economists expect inflation could worsen — making it less likely the Federal Reserve will cut its key interest rate much this year.
President Trump said he wants the US Federal Reserve (Fed) to cut interest rates immediately. "With oil prices going down, I'll demand that interest rates drop immediately, and likewise they should be dropping all over the world," said Trump at the World Economic Forum in Davos, Switzerland. Read more...
As the dollar prepares for its worst weekly loss in two months, global markets ride a wave of optimism fueled by Trump's trade chatter, while the yen steadies itself for a likely rate hike.