It is not unusual for politicians to intimidate heads of institutions from taking crucial policy decisions that would benefit a rival, especially when a high-stakes election is around the corner. Republican candidate for US Presidency Donald Trump’s warning to the Federal Reserve Chairman Jerome Powell against an interest rate cut is one such. Trump in an interview to Bloomberg said that while the Fed may cut interest rates before the elections
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Will Donald Trump’s Fed warning impact India fund flows?
Synopsis
Politics notwithstanding, US Fed cutting rates would have an impact on India.
Refer & Earn
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