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Asian Markets Mostly Up As Trump Soothes Fed Fears

Markets Mostly Up As Trump Soothes Fed Fears
International Business Times Fews App News Provider
Fews App Post Time há 1d

Trump's comments that US tariffs on China were "very high" and would "come down substantially" boosted Wall Street AFP Asian markets were mixed on Thursday after President Donald Trump said he had "no intention" of firing the US central bank head and made conciliatory comments on his trade war with China. Trump's attacks on the Federal Reserve for not cutting interest rates had raised fears that he would fire its "Mr. Too Late" chief Jerome Powell, in a major blow to its independence.

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