Wall Street Journal says Trump Is Laying the Groundwork to Blame Powell for Any Downturn ...Middle East

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.

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.

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