The WSJ’s By
Nick Timiraos with the article:
Trump is signaling that he will blame the Federal Reserve for any economic weakness that results from his trade war if the central bank doesn’t cut interest rates soon.
In the process, he might also be seeking to delegitimize the historically independent institution in a way that could undermine its effectiveness.
The Journal is gated, here is the link if you can access it.
This stems from Trump’s social media rant on Monday:
I am more inclined to view Trump’s words as trying top pressure the Fed, with the blame for the coming recession a useful by-product.
This article was written by Eamonn Sheridan at www.forexlive.com.