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August 23, 201919.05 "We will act appropriately in support of economic expansion" at a time when the US economy faces "significant risks". Federal Reserve Chairman Powell says trade tensions are weighing on the global economic slowdown, he explains, and even low inflation is a risk. The Fed "carefully observes the developments" of the situation to assess "the path of monetary policy". "As usual the Fed does nothing. I wonder if the worst enemy is Powell or the Chinese president Xi," Trump said