Trump is trying to politicize Fed and use it as a tool in the trade war with China. He tweeted “China will be pumping money into their system and probably reducing interest rates”, to “make up” for the business they will be losing. And, if Fed ever did a “match”, “it would be game over”.
However, did Trump remember he said US is taking in billions of dollar from China? And the unexpected 3.2% growth was greatly helped by tariffs? Steel industry was booming after the tariffs? Productions will be moving back from China to the US? With those “winnings”, Trump still sees problem in businesses that needs Fed to do something to “make up” with? His logic is, as usual, incomprehensible.
But anyway, judging the lack of reaction in EUR/USD, sensible investors clearly know what the politically independent would and wouldn’t do.
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