Donald Trump seeks to enlist Fed in trade fight with China

US President Donald Trump speaks to members of the media before boarding Marine One on the South Lawn of the White House in Washington, DC, the US, May 14 2019. Picture: AL DRAGO/BLOOMBERG

China will be pumping money into their system and probably reducing interest rates, as always, in order to make up for the business they are, and will be, losing.

While financial markets expect the Fed to cut interest rates in the next year, chair Jerome Powell and his colleagues have indicated they do not see a strong case for a move either way. They have also stressed that they will make moves independent of any political considerations.

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