The Swiss government said on Wednesday that it would from May 1 remove the European Union from a list of jurisdictions affected by protective measures for the Swiss stock exchange, ending a block on the trading of Swiss shares on other bourses.
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.
President Donald Trump on Thursday said he will call for a lowering of U.S. interest rates, exerting pressure on the Federal Reserve despite a longstanding norm of political independence at the central bank.
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Speaking before the World Economic Forum in Davos, Switzerland, Trump said he’ll call for interest rates to be lower than current levels. A possible sign he is setting up a possible battle with the Federal Reserve.
Donald Trump hinted at a coming clash with Federal Reserve Chair Jerome Powell and other central bankers as he spoke virtually before the World Economic Forum, saying he would 'demand' lower interest rates.
Global markets show positive momentum following lower-than-expected US core inflation, while South African markets respond to international pressures and await crucial MPC decision. Trump's remarks on
USD/CHF recovers its recent losses from the previous two sessions, trading around 0.9050 during the Asian hours on Tuesday. The upside of the pair could be attributed to the improved US Dollar (USD) following tariff threats made by US President Donald Trump.
President Donald Trump is putting pressure on policymakers to lower interest rates just days before the Federal Reserve's first rate-setting meeting of 2025. "With oil prices going down, I'
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.
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.