We know about Powell. Trump wants rates down to 1%. Powell meanwhile is happy where rates are now and is concerned about the inflationary impact of the tariffs in June, July, and August. Trump sent him a handwritten note on top of world central-bank rates showing that US was 35 spots from the lowest and said that rates should be at 1%..
The White House is saying that this Carney caved in on trumps digital services tax with his call on Sunday night.
In addition to trade and Powell, the big, beautiful deal is in its final stages. The Senate started the marathon of votes as the Republicans work to pass Trump's spending package by July 4.
This article was written by Greg Michalowski at www.forexlive.com. Read More Details
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