FRB Chair suggests additional rate cut September 7th 6:53

FRB, Federal Reserve Board Chairman of the US Central Bank, spoke in Switzerland where he visited and gave a negative view of the US recession, but the impact of trade friction between the United States and China As such, it suggested the possibility of further rate cuts.

FRB chairman Powell gave a speech at Zurich, Switzerland, on the 6th, and said the US economy is “not strong in employment and consumption and not expecting the economy to decline.” Denying the view of the recession.

However, he said, “The global economy is slowing down due to the effects of trade friction. We will act appropriately to maintain the expansion of the US economy,” and This suggests the possibility of further rate cuts to support.

President Powell had been cautious about additional rate cuts at the end of July when he decided to cut rates for the first time in 10 and a half years, but he suggested the possibility of further rate cuts from the end of last month. Attention has been focused on the FRB meeting.

Concerning this additional rate cut, President Trump continues to put pressure on the FRB, such as posting on Twitter on the 6th that “FRB needs to lower interest rates”.