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ECB action, hit by Trump as 'hurting U.S. exports,' ups pressure on Fed

6 days ago   |   By Reuters

The European Central Bank's move to cut interest rates and restart a larger stimulus program drew fast reaction from the White House on Thursday, with President Donald Trump saying the ECB was undercutting the value of its currency and "hurting U.S. exports."
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Trump escalates pressure on the Fed to cut rates after the ECB announces new stimulus

Trump escalates pressure on the Fed to cut rates after the ECB announces new stimulus

6 days ago   |   By Business Insider

President Donald Trump took aim at the Federal Reserve once again Thursday as Europe launched a sweeping stimulus package.
The central bank has increasingly been a target of verbal assaults out of the White House ahead of the 2020 elections.
Policymakers are highly unlikely to cut to the extent Trump wants. The Federal Reserve operates independently of political influence.
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President Donald Trump took aim at the Federal Reserve once again Thursday as Europe launched a sweeping stimulus package, saying that had put Americans at a...
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Trump reportedly praised the clean-cut look of his new National Security...

Trump reportedly praised the clean-cut look of his new National Security Adviser, after complaining about predecessor John Bolton's bushy mustache

President Trump has enthused about the well-tailored appearance of his new national security adviser, Robert C. O'Brien, The New York Times reported. The president had... Read more ...

'He has to answer for it': Canadian politicians pile on Justin Trudeau over...

'He has to answer for it': Canadian politicians pile on Justin Trudeau over his 'brownface' Aladdin outfit from 2001

Politicians in Canada condemned Prime Minister Justin Trudeau on Wednesday after the publication of a photograph showing him wearing brownface make-up in 2001. The photograph... Read more ...

Japanese Court Acquits Former Utility Executives Over 2011 Fukushima Disaster

Japanese Court Acquits Former Utility Executives Over 2011 Fukushima Disaster

The three ex-Tokyo Electric Power Co. executives were found not guilty of professional negligence linked to the meltdown of three of the nuclear power plant's reactors after an... Read more ...

A major whistleblower complaint at the US's top spy agency involves a Trump...

A major whistleblower complaint at the US's top spy agency involves a Trump phone call with a 'promise' to a foreign leader

President Donald Trump is the subject of a whistleblower complaint of "urgent concern" that was filed in the intelligence community in August, the Washington Post reported... Read more ...

A divided Fed cuts key rate for 2nd time this year

A divided Fed cuts key rate for 2nd time this year

The Fed's key rate influences many consumer and business loans. Read more ...

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The Sandy Hook Promise , a nonprofit founded by families of those whose loved ones were killed in the Sandy Hook Elementary School shooting in 2012, released a back-to-school... Read more ...

A Pennsylvania man used a drone to drop explosives on his ex-girlfriend's...

A Pennsylvania man used a drone to drop explosives on his ex-girlfriend's house, prosecutors say

Prosecutors have accused a Pennsylvania business owner, of strapping improvised explosives to a drone and flying it over his ex-girlfriend's house. Jason Muzzicato, a Bangor... Read more ...

'Bond King' Jeff Gundlach says the Fed may start expanding its balance sheet...

'Bond King' Jeff Gundlach says the Fed may start expanding its balance sheet after injecting $128 billion into markets

Jeffrey Gundlach said that the Federal Reserve may look to expand its balance sheet after a spike in overnight purchase agreements that prompted the Fed to put $128 billion... Read more ...

No, the UFOs or 'unidentified aerial phenomena' in those grainy Navy videos...

No, the UFOs or 'unidentified aerial phenomena' in those grainy Navy videos probably aren't aliens

A group of videos, including one published by The New York Times in 2017 , shows US Navy pilots baffled by mysterious objects in the sky. The Navy has confirmed that the... Read more ...

5 Ways The Fed's New Interest Rate Cut May Affect You

5 Ways The Fed's New Interest Rate Cut May Affect You

The Federal Reserve's decision to cut interest rates could have wide-ranging implications. Read more ...