Trump Pressures Fed for More Rate Cuts as Mega Banks Drain the Balance Sheet

Trump Pressures Fed for More Rate Cuts as Mega Banks Drain the Balance Sheet

Trump Pressures Fed for More Rate Cuts as Mega-Banks Drain the Balance SheetU.S. President Donald Trump is pressuring the central bank to cut interest rates even further as a spike in oil prices has offset the Federal Reserve’s ‘normalization’ tactics like rate-cutting and overnight repos. Additionally, the mega bank JP Morgan Chase (JPM) is being blamed for the lack of liquidity in the repo market’s cash reserves, […]

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