Trump calls on Fed to help win the trade war

Financial Times/Sam Fleming/5-14-2019

“Donald Trump called on the Federal Reserve to help win the trade war with China, saying victory would be inevitable if the US central bank matched stimulus moves in Beijing.”

USAGOLD note:  The chess game continues. . . .And so do the tweets. The president pressures the Fed and the Fed resists.  Fed chairman Powell only a few days ago stated “we don’t see a strong case for moving in either direction” on rates. You get the feeling that something is going to break somewhere. In an article published yesterday, Bloomberg’s Marvin Perez summed up the situation this way: “Donald Trump’s tweets are keeping global financial markets on edge, and many investors are opting for gold as a refuge.”

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