Fed's commitment to act upstaged by Trump's furore
Share:
JACKSON HOLE, Wyo. (Reuters) - Federal Reserve Chair Jerome Powell said the central bank would "act as appropriate" to keep the U.S. economy healthy, stopping short of committing to rapid-fire rate cuts and drawing fire from President Donald Trump.Powell's words were barely out of his mouth when Trump ratcheted up his war of words with both the Fed chair he appointed and with China, which earlier on Friday had retaliated to U.S. tariffs with its own import taxes on American crude oil,..