The US President had called for a larger cut to interest rates than the 0.25%, saying Fed chairman Jerome Powell is letting the US down. ING Germany's chief economist, Carsten Brzeski, disagrees.
The president accused the central banker of being an "enemy" of the US, comparing him to Chinese leader Xi Jinping. Trump has been critical of the Federal Reserve not cutting interest rates faster or deeper.
Outgoing ECB President Mario Draghi has achieved his goal of further cuts to interest rates and the renewal of bond buying for the euro area. But some policymakers are skeptical that the move was necessary.
The US central bank cut interest rates for the first time since 2008, citing concerns about the global economy. The move comes amid economic uncertainties amid President Donald Trump's trade wars and Brexit.
Donald Trump is pressuring the Fed to stave off a sharp economic downturn as he seeks reelection in 2020. The feelgood effects of his $1.5 billion program of tax cuts are due to run out soon, so what can he do?
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