Powell stops short of committing to rate cuts, and Trump fumes

Credit: Reuters- Published on August 23, 2019
The Federal Reserve will "act as appropriate" to keep the U.S. economy healthy, Fed Chair Jerome Powell said on Friday, remarks that did not say how fast it might cut interest rates, drawing fire from President Donald Trump.
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Credit: Wochit News
Published on August 23, 2019 -  00:34
Stocks Plummet After Trump Vows Retaliation: China's Latest Tariffs
Stocks spiraled downward on Friday after President Trump tweeted the US would retaliate against China's latest round tariffs. Markets began the day lower after China announced it planned to impose tariffs on $75 billion worth of US products before the open. Those losses were pared prior to Trump's comments, after Federal Reserve Chairman Jerome Powell didn't rule out further rate cuts this year during his speech at the central bank's annual symposium.

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