Trump Adv Navarro : Yield curve inversion sign Fed should cut rates … TELETRADER
Trump Adv Navarro : Yield curve inversion sign Fed should cut rates
White House trade adviser Peter Navarro told Fox Business on Wednesday that today’s yield curve inversion between the 10-year and 2-year Treasuries, which is seen as a recession indicator, should be a signal to
the Federal Reserve to further cut interest rates.
Navarro stressed that the Fed’s monetary policy is currently the “biggest problem” for the US economy rather than the country’s trade tensions with China.
The Fed cut interest rates at its July meeting but Trump and his administration continued calling for more rate cuts from the central bank.
The White House director of trade and manufacturing policy praised US President Donald Trump’s decision on China tariffs as “strong and flexible” and insisted the tariffs should have “no material effect” on the
US economic growth.
On Tuesday, the Trump administration announced it will postpone imposing additional tariffs on certain Chinese products until mid-December, but confirmed the additional 10% duty on other goods will be introduced